Gold began this week's trading above the 1,500.00 mark. However, additional gains were being limited by the technical resistance of the 200-hour simple moving average just above the 1,510.00 level.
On Monday, the USD/JPY started the week with a gap down opening. The start of trading was highly volatile until the rate began trading in the range between the 55 and 100-hour simple moving averages near 107.90.
The New Zealand Dollar has revealed a new junior descending channel against the US Dollar. The currency pair depreciated by 38 basis points during Friday's trading session.
After touching the 1.2500 level on Friday, the GBP/USD began a decline, which was continuing on Monday morning.
The US Dollar appreciated about 77 basis points against the Canadian Dollar on Friday. The currency pair breached the monthly pivot point at 1.3277 during Friday's trading session.
On Monday morning, the EUR/USD exchange rate declined below the pivot point that is located at the 1.1069 level. Although, the rate still faced various support levels, which could cause a continuation of a surge.
The Australian Dollar versus the US Dollar has been trading in a horizontal channel since September 9. The currency pair retested the upper boundary of the channel pattern at 0.6886 during Friday's trading session.
A two-week junior ascending channel has guided the movement of the Eurozone single currency against the Japanese yen. The currency pair bounced off its lower boundary on September 12 and followed by a short-term upside wave.
On Thursday, the XAU/USD exchange rate tested the 200-hour moving average at the 1,517.00. During today's morning, the rate was trading at the 1,505.00 mark.
Yesterday, the USD/JPY currency pair tried to surpass the resistance level formed by the weekly R2 at 108.13. During Friday morning, the pair was trading near the given resistance.
On Thursday, the GBP/USD exchange rate consolidated at the 1.2340 level. During today's morning, the rate surged to the resistance level formed by the weekly R1 and the monthly R2 at 1.2450.
Yesterday, the EUR/USD currency pair was volatile, and a breakout north from the falling wedge pattern occurred. During Friday morning, the pair was testing the weekly R1 at 1.1103.
The New Zealand Dollar has depreciated about 50 basis points against the US Dollar since yesterday's trading session. The currency pair breached both the channel pattern and the 50– and 100-hour SMAs at 0.6421 on Thursday.
The US Dollar versus the Canadian Dollar breached a resistance cluster formed by the weekly S1 and the 200– hour simple moving average at the 1.3217 regions during the morning hours of Friday's trading session.
The Australian traded within the range of 0.6856/0.6892 against the US Dollar during this week's trading sessions. A breakout occurred through the lower boundary of an ascending channel pattern at 0.6880 on Thursday.
During the first half of Thursday's trading session, bearish sentiment pressured the single European currency lower against the Japanese Yen. However, when the currency pair tested a support level formed by the 200– hour simple moving average at 117.71, bulls took control of the market.
The New Zealand Dollar has been trading in a one-week ascending channel pattern against the US Dollar. The currency pair tested its lower boundary at 0.6407 on Wednesday.
Yesterday the XAU/USD exchange rate consolidated at the monthly PP at 1,492.35. During Thursday morning, the rate reversed south and surpassed 1,500.00.
On Wednesday, the USD/JPY currency pair reached the resistance level formed by the weekly R2 at 108.13. During today's morning, the pair reversed south from the given resistance.
On Wednesday, the GBP/USD exchange rate tested the support provided by the monthly R1 at the 1.2314 mark. During today's morning, the rate continued to test the given level.
Yesterday, the EUR/USD currency pair declined to the psychological level at 1.1000. During Thursday morning, the pair was testing the resistance formed by the 55– and 200-hour SMAs circa 1.1030.
The US Dollar appreciated about 75 basis points against the Canadian Dollar on Wednesday. The currency pair breached both the 50– and 100– hour SMAs at 1.3170 during Wednesday's trading session.
The Australian Dollar traded with low volatility against the US Dollar on Wednesday. The AUD/USD currency pair surged about 31 basis points during yesterday's trading session.
A one-week ascending channel pattern guided the movement of the Eurozone single currency against the Japanese Yen on Wednesday. The currency pair tested the bottom border of the channel pattern at 118.43 during yesterday's trading session.