The price movement of the USD/CAD currency pair was guided by the 50-hour simple moving average on Tuesday. The US Dollar traded sideways against the Canadian Dollar yesterday.
The Australian Dollar appreciated about 70 base points against the US Dollar on Tuesday. The currency pair breached both the 100– and 200-hour SMAs at 0.7228 during the end of the previous session.
The single European currency appreciated about 120 base points against the Japanese Yen on Tuesday. This surge was briefly stopped by a resistance cluster formed by the monthly pivot point and the 100-hour simple moving average at the 128.95 area.
The New Zealand Dollar depreciated about 48 base points against the US Dollar on Monday. The currency pair tested the lower boundary of an ascending trendline at 0.6711 during the end of the previous session.
A one-week ascending channel pattern has guided the US Dollar higher against the Canadian Dollar on Monday. The currency pair appreciated by about 66 base points yesterday.
A one-week descending channel has been guiding the Australian Dollar lower against the US Dollar since the beginning of the week. The exchange rate depreciated by more than 60 base points during yesterday's session.
The common European currency plunged by 164 base points against the Japanese Yen on Monday. The exchange rate breached both the weekly S1 at 128.36 and S2 127.71 during the end of Monday's session.
The New Zealand Dollar depreciated about 40 base points against the US Dollar on Friday. The currency pair was guided south by the 50-hour simple moving average during Friday's session.
The US Dollar appreciated about 91 base points against the Canadian Dollar on Friday. The currency pair revealed a new junior ascending channel pattern during the end of Friday's session.
The Australian Dollar depreciated about 55 base points against the US Dollar on Friday. The currency pair was pressured south by the 50-hour simple moving average and the 100-hour SMA.
The single European currency depreciated about 91 base points against the Japanese Yen on Friday. The currency pair breached the 200-hour simple moving average at 128.95 during the end of the previous session.
Gold charts have been reviewed. New patterns have been discovered. In general, the metal is going down. Namely, the commodity price is trading in two channel down patterns in the borders of a large scale ascending pattern. In the near term future, the pair is set to decline in the smallest pattern down to the 1,213.85 level, where it should encounter