During Friday's trading session, the 55-hour simple moving average retraced the currency exchange rate to the 1.3000 level. On Monday morning, the British Pound appreciated against the US Dollar to the 1.3074 mark.
During Friday's trading session, the European Single Currency broke the previously drawn pattern line to end the trading day at 1.1200. On Monday morning, the rate broke through the resistance level of the 55-hour simple moving average to the 1.1241 mark.
The Australian Dollar appreciated about 49 base points against the US Dollar on Friday. The currency pair breached both the 100– and 200-hour SMAs during Friday's trading session.
The common European currency appreciated about 59 base points against the Japanese Yen on Friday. The currency pair was supported by the 50-hour simple moving average.
The New Zealand Dollar has depreciated about 50 base points against the US Dollar since Thursday's trading session. The decline was stopped by the weekly S2 at 0.6771.
During the last 24 hours, the US Dollar has appreciated about 55 base points against the Canadian Dollar. The currency pair tested the lower boundary of an ascending channel pattern at 1.3400 during yesterday's trading session.
Downside risks prevailed in the market on Thursday, thus allowing the Australian Dollar to decline about 41 base points against the US Dollar. The currency pair tested the lower boundary of an ascending channel pattern at 0.7064.
The single European currency is gradually gaining strength against the Japanese Yen. The currency pair gained about 79 base points during Thursday's trading session.
During Thursday's trading session, the yellow metal depreciated against the US Dollar by the 1633 base points or 1.25% to end the day at 1,285.00. On Friday morning, gold was located above the 23.60% Fibonacci retracement level at the 1,291.93 mark.
During Thursday's trading session, the currency exchange rate broke through most of the technical indicators to end the day at 110.60. On Friday, the rate was located above the 61.80% Fibonacci retracement level at the 110.77 mark.
During Thursday's trading session, the British Pound passed through the support level of the monthly pivot point to end the trading day at 1.3050. On Friday morning, the British pound depreciated against the US Dollar to pass through the weekly S1 to be located at the 1.3025 mark.
During Thursday's trading session, the currency exchange rate passed through the support levels of the monthly and the weekly S1 to end the trading session at 1.1220. On Friday morning, the rate was located at the 1.1228 mark.
During Wednesday's trading session, the yellow was resisted by the 200-hour simple moving average to pass through the previously drawn pattern line to end the day at 1,305.00. On Thursday morning, the rate was located at the 1,307.74 mark.
During Wednesday's trading session, the currency exchange rate was resisted by the 100-hour simple moving average to end the day at 1.3100. On Thursday morning, the rate was located between the monthly pivot point and the 50.00% Fibonacci retracement level at the 1.3140 mark.
During Wednesday's trading session, from 1:00 until 2:00 GMT, the New Zealand Dollar depreciated against the US Dollar by 1.81% It was a 108 pip move on the currency exchange rate.
During Wednesday's trading session, the currency exchange rate passed through the support levels of the 55-hour and the 100-hour simple moving average to end the trading session at 110.20. On Thursday morning, the rate was supported by the 100-hour simple moving average to trade at the 110.29 mark.
The US Dollar appreciated about 63 base points against the Canadian Dollar on Wednesday. The currency pair was guided up by the 50– and 100-hour simple moving averages during the previous trading session.
During Wednesday's trading session, the currency exchange rate sideways to end the day near the monthly S1 at 1.1240, as it was predicted! On Thursday morning, the rate was trading at the 1.1251 mark.
The Australian Dollar depreciated about 63 base points against the US Dollar on Wednesday. The currency pair tested the lower boundary of an ascending channel pattern at 0.7068 during yesterday's trading session.
The 50– and 100-hour simple moving averages have guided the EUR/JPY currency pair towards the lower boundary of a medium-term descending channel pattern at 123.75.
The New Zealand Dollar traded with low volatility against the US Dollar on Tuesday. However, the New Zealand macroeconomic data releases changed the overall position of the currency exchange rate during the Asian trading session on Wednesday.
The US Dollar traded with low volatility against the Canadian Dollar on Tuesday. The currency pair moved just about 32 base points during yesterday's trading session.
As predicted, the New Zealand Dollar hit a resistance cluster formed by the weekly and the monthly pivot points at 0.7147 during yesterday's trading session. After the currency pair tested the resistance cluster, a pullback occurred as expected.
The single European currency tested a resistance cluster formed by the weekly and the monthly PPs at 124.95 during the previous trading session. After hitting the resistance cluster, the currency pair began to depreciate. At the end of yesterday's trading session, the exchange rate has lost about 0.58% of its value.