The US Dollar declined by 28 basis points against the Canadian Dollar on Monday. However, today's trading session began with bullish momentum. By the middle of the day, the currency pair has appreciated by 0.25% in value.
The Australian Dollar has declined by 0.62% in value against the US Dollar since yesterday's trading session. The currency pair breached the weekly S1 at 0.6849 during the first part of Tuesday's session.
The common European currency has edged lower by 42 basis points against the Japanese Yen since yesterday's trading session.
On Friday, gold's price broke off the hourly simple moving averages. On Monday, there was a surge that started when the rate bounced off the support of the 200-hour SMA.
On Friday, the USD/JPY retraced down to the support of the 55-hour simple moving average and the 110.00 mark. On Monday, the pair was still supported by the SMA. In the meantime, it faced the resistance of the 110.20 level.
The GBP/USD has passed the support of the 55, 100 and 200-hour simple moving averages. By the middle of Monday's trading session, the rate was headed to the support of a weekly and monthly pivot points just below the 1.2940 mark.
The EUR/USD plummeted on Friday from the simple moving averages near 1.1130 to the 1.1090 level. On Monday, the currency exchange rate reached below the 1.1090 level.
The New Zealand Dollar declined by 42 basis points against the US Dollar on Friday. The currency pair breached the 50-, 100– and 200– hour simple moving averages during Friday's trading session.
The US Dollar surged by 40 basis points against the Canadian Dollar on Friday. A breakout occurred through the upper boundary of a descending channel pattern during Friday's trading session.
The Australian Dollar declined by 40 basis points 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 declined by 70 basis points against the Japanese Yen on Friday. The currency pair tested the 23.60% Fibonacci retracement level at 122.19 during Friday's trading sessions.
On Thursday, the XAU/USD exchange rate traded sideways around the 1,555.00 level. During today's morning, the rate continued to consolidate.
Yesterday, the USD/JPY currency pair traded upwards. During Friday morning, the rate was testing the resistance level formed by the weekly R1 and the monthly R2 at 110.25.
Yesterday, the GBP/USD exchange rate raised to the 1.3080 level. During Friday morning, the rate tested the resistance level—the weekly PP at 1.3099.
On Thursday, the EUR/USD currency pair declined to the 1.1130 level. During today's morning, the pair surpassed the given level.
The New Zealand Dollar made about 39 basis points against the US Dollar on Thursday. The currency pair breached a support cluster formed by the weekly and the monthly PPs at 0.6636 during yesterday's trading session.
The US Dollar surged by 24 basis points against the Canadian Dollar on Thursday. The currency pair traded between the 50– hour SMA resistance level and the 200– hour SMA support line during yesterday's trading session.
The Australian Dollar made about 43 basis points against the US Dollar on Thursday. The 200– hour simple moving average provided support for the currency pair at 0.6889 during yesterday's trading session.
The 50– hour simple moving average guided the common European currency against the Japanese Yen. The currency pair breached the 122.80 area during yesterday's trading session.
On Wednesday, the XAU/USD exchange rate traded sideways around the 1,555.00 level. During today's morning, the rate maintained its consolidation.
Yesterday, the USD/JPY currency pair consolidated at the 109.90 level. During Thursday morning, the pair continued to consolidate.
Yesterday, the GBP/USD exchange rate raised to the 1.3040 level. During Thursday morning, the rate was testing the upper boundary of the medium-term descending channel.
On Wednesday, the EUR/USD currency pair tested the upper boundary of the short-term ascending channel at 1.1160. During today's morning, the pair was trading near the given line.
The New Zealand Dollar has surged by 60 basis points against the US Dollar since Wednesday's trading session. A breakout occurred through the upper boundary of a descending channel pattern at 0.6616 on Wednesday.