During Thursday morning hours, the EUR/USD currency pair tested the resistance level—the weekly R2 at 1.1936.
The New Zealand Dollar surged by 32 basis points or 0.75% against the US Dollar on Wednesday. The currency pair tested the weekly R2 at 0.7014 during yesterday's trading session.
The US Dollar declined by 37 basis points or 0.28% against the Canadian Dollar on Wednesday. The currency pair tested the lower boundary of a descending channel pattern at 1.2938 during yesterday's trading session.
The Australian Dollar edged higher by 45 basis points or 0.61% against the US Dollar on Wednesday. The currency pair bounced off a support level formed by the 50– hour simple moving average at 0.7328 during Wednesday's trading session.
The common European currency surged by 37 basis points or 0.30% against the Japanese Yen on Wednesday. The 50– hour simple moving average guided the currency pair during yesterday's trading session.
Yesterday, the XAU/USD exchange rate declined to the psychological level at 1,800.00.
On Tuesday, the USD/JPY currency pair touched the 104.75 mark.
Yesterday, the GBP/USD exchange rate failed to exceed the psychological level at 1.3380.
On Tuesday, the EUR/USD currency pair exceeded the weekly R1 at 1.1898.
The New Zealand Dollar soared by 81 points or 1.17% against the US Dollar on Tuesday. The 50– hour simple moving average provided support for the currency pair during yesterday's trading session.
Downside risks dominated the US Dollar against the Canadian Dollar on Tuesday. As a result, the exchange rate plummeted by 95 points or 0.73% during yesterday's trading session.
Australia's Dollar surged by 43 points or 0.59% against the US Dollar on Tuesday. The 50– hour simple moving average provided support for the currency pair during yesterday's trading session.
The common European currency surged by 67 points or 0.54% against the Japanese Yen on Tuesday. The currency pair tested the upper line of an ascending channel pattern at 124.46 during the Asian session on Wednesday.
Yesterday, the XAU/USD exchange rate tumbled to the 1,835.00 level. During Tuesday morning, the rate continued to decline.
On Monday, the USD/JPY currency pair skyrocketed to the 104.60 level and reversed south.
Yesterday, the GBP/USD exchange rate reversed south from the resistance level—the weekly R2 at 1.3402.
On Monday, the EUR/USD currency pair dropped to the weekly S1 at 1.1819 and reversed north.
The New Zealand Dollar has surged by 87 pips or 1.26% against the US Dollar since yesterday's trading session. The currency pair breached the weekly R1 at 0.6968 on Tuesday morning.
The US Dollar soared by 53 pips or 0.41% against the Canadian Dollar on Monday. The surge was stopped by the 200– hour simple moving average during yesterday's trading session.
The Australian Dollar declined by 60 pips or 0.82% against the US Dollar on Monday. The currency pair tested the 200– hour simple moving average at 0.7289 during yesterday's trading session.
The single European currency surged by 73 pips or 0.59% against the Japanese Yen on Monday. A breakout occurred through the upper boundary of a descending channel pattern during yesterday's trading session.
During Monday morning hours, the XAU/USD exchange rate reversed south from the resistance formed by the 100– and 200-hour SMAs near 1,875.00.
Since Friday, the USD/JPY currency pair has been trading sideways in the 103.80 area.
During Monday morning hours, the GBP/USD exchange rate exceeded the weekly R1 at 1.3344.