Australia's Dollar surged by 80 pips or 1.04% against the Greenback on Tuesday. A breakout occurred through the upper boundary of a descending channel pattern at 0.7722 during Tuesday's trading session.
The common European currency surged by 40 pips or 0.32% against the Japanese Yen on Tuesday. The currency pair breached the 50-, 100– and 200– hour SMAs during yesterday's trading session.
The XAU/USD exchange rate has revealed a rising wedge pattern.
Since Friday, the USD/JPY currency pair has been trading sideways in the 103.70/103.90 range.
During Tuesday morning hours, the GBP/USD exchange rate bounced off the lower line of the rising wedge pattern at 1.3610.
Yesterday, the EUR/USD currency pair reversed south from the resistance level at 1.2180.
The New Zealand Dollar declined by 38 basis points or 0.53% against the US Dollar on Monday. The currency pair reversed from the upper line of a descending channel pattern at 0.7213 during yesterday's trading session.
The US Dollar surged by 64 basis points or 0.51% against the Canadian Dollar on Monday. The currency pair bounced off the lower boundary of an ascending channel pattern during yesterday's trading session.
The Australian Dollar declined by 42 basis points or 0.54% against the US Dollar on Monday. The 50-, 100– and 200– hour SMAs provided resistance for the currency pair during yesterday's trading session.
The common European currency declined by 52 basis points or 0.41% against the Japanese Yen on Monday. The EUR/JPY currency pair breached the 50– hour simple moving average during yesterday's trading session.
Since Friday evening, the XAU/USD exchange rate has been testing the resistance formed by the Fibo 23.60% and the 55-hour SMA circa 1,860.00.
The USD/JPY currency pair has revealed a short-term descending channel.
The GBP/USD exchange rate continues to follow the rising wedge pattern.
Since Friday, the EUR/USD currency pair has been testing the resistance level at 1.2180.
The NZD/USD started the week's trading near the upper trend line of a wide channel down pattern. Short term forecasts were based upon whether or not the trend line provides resistance.
The US Dollar edged higher by 88 points or 0.69% against the Canadian Dollar on Friday. The currency pair tested the upper line of a descending channel pattern at 1.2732 during Friday's trading session.
The Australian Dollar fell by 51 points or 0.66% against the US Dollar on Friday. The currency pair breached the 50-, 100– and 200– hour SMAs during Friday's trading session.
The Eurozone single currency rose by 41 points or 0.32% against the Japanese Yen on Friday. The currency pair tested the upper line of an ascending channel pattern at 126.39 during Friday's trading session.
As apparent on the chart, the XAU/USD exchange rate failed to surpass the 1,875.00 level.
During today's morning hours, the USD/JPY currency pair has been testing the 100-hour SMA near 103.70.
Yesterday, the GBP/USD exchange rate bounced off the upper boundary of the rising wedge pattern.
During Friday morning hours, the EUR/USD currency pair tested the resistance level—the weekly R1 at 1.2185.
During the first half of Thursday's trading session, the New Zealand Dollar declined by 40 pips or 0.54% against the US Dollar. However, the currency pair rebounded at the end of the day.
The US Dollar has surged by 70 pips or 0.55% against the Canadian Dollar since Thursday's trading session. The currency pair breached the 50– hour simple moving average at 1.2647 on Friday morning.