The common European currency reversed north from the lower boundary of a descending channel pattern against the Japanese Yen on November 14. As a result, the currency pair has appreciated about 1.10% in value during this period.
On Thursday, the XAU/USD exchange rate tried to surpass the resistance level formed by the monthly S1 and the 200-hour SMA at 1,475.18. During today's morning, the rate was testing the support formed by the 55– and 100-hour SMAs, as well the Fibo 23.60% at 1,462.89.
Yesterday, the USD/JPY currency pair tried to surpass the support level formed by the weekly S1 and the Fibo 38.20% at 108.44. During Friday morning, the pair was testing the resistance formed by the 55-hour SMA at 108.69.
Yesterday, the GBP/USD exchange rate increased to the 1.2880 level. During Friday morning, the rate was trading at the given level.
On Thursday, the EUR/USD currency pair raised to the psychological level at 1.1030. During today's morning, the pair was testing the support provided by the 100-hour SMA at 1.1017.
The New Zealand Dollar depreciated by 60 basis points against the US Dollar on Thursday. The currency pair breached the weekly pivot point at 0.6871 during the period trading session.
The US Dollar has lost about 0.35% in value against the Canadian Dollar since yesterday's trading session. The decline started after the currency pair tested a resistance level formed by the weekly R1 at 1.3270.
The Australian Dollar depreciated by 61 basis points against the US Dollar on Thursday. The currency pair tested the lower boundary of the channel pattern at 0.6773 during the period session.
The Eurozone single currency bounced off the lower boundary of a descending channel pattern against the Japanese Yen at the end of yesterday's trading session. As a result, the currency pair surged by 51 basis points.
On Wednesday, gold appreciated slightly against the US Dollar. During today's morning, the XAU/USD exchange rate traded at the 1,470.00 mark.
Yesterday, the USD/JPY currency pair surpassed the psychological level at 108.80. During Thursday morning, the pair declined to the 108.60 mark.
On Wednesday, the GBP/USD exchange rate traded sideways, squeezed by the 100– and 200-hour SMAs at 1.2835 and 1.2853. During today's morning, the rate continued to trade within the given area.
Yesterday, the EUR/USD currency pair tried to surpass the psychological level at 1.1000. During Thursday morning, the pair was still testing the given level.
The New Zealand Dollar appreciated about 1.40% in value against the US Dollar on Wednesday. A breakout occurred through the upper boundary of a descending channel pattern at 0.6350.
The 50– hour simple moving average guided the US Dollar against the Canadian Dollar on Wednesday. The currency pair tested the weekly R1 at 1.3270 during yesterday's trading session.
The Australian Dollar has depreciated about 61 basis points against the US Dollar since Wednesday's trading session. A breakout occurred through the lower boundary of a descending channel pattern at 0.6820 during the morning hours on Thursday.
The common European currency depreciated about 59 basis points against the Japanese Yen on Wednesday. The currency pair tested the lower boundary of a descending channel pattern at 119.59 during the Asian trading session on Thursday.
On Tuesday, the XAU/USD exchange rate tested the psychological level at 1,450.00. During today's morning, the rate was testing the resistance formed by the Fibo 23.60% and the 100-hour SMA at 1,462.89.
Yesterday, the USD/JPY currency pair declined to the support formed by the 200-hour SMA and the weekly PP at 108.97. During Wednesday morning, the pair was testing the given support.
Yesterday, the GBP/USD exchange rate traded sideways at the 1.2850 level. During Wednesday morning, the rate maintained its consolidation.
On Tuesday, the EUR/USD currency pair declined to the 1.1010 level. During today's morning, the pair was trading at the given level.
The New Zealand Dollar surged almost 85 basis points against the US Dollar during the morning hours of Wednesday's trading session.
The US Dollar appreciated by 39 basis points against the Canadian Dollar on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The 50-hour simple moving average continued to pressure the Australian Dollar lower against the US Dollar. The exchange rate declined by about 26 basis points on Tuesday.