The USD/CAD currency pair bounced off a support level formed by the lower line of a descending channel pattern at 1.2009 on Tuesday. As a result, the exchange rate has surged by 75 pips or 0.62% since Tuesday's trading session.
The British Pound declined by 106 pips or 0.68% against the Japanese Yen on Tuesday. The decline was stopped by the 200– hour simple moving average during Tuesday's trading session.
The Australian Dollar surged by approximately 35 pips or 0.46% against the US Dollar on Tuesday. The currency pair tested the resistance level at 0.7785 during Tuesday's trading session.
The common European currency fell by 40 pips or 0.30% against the Japanese Yen on Tuesday. The exchange rate continued to trading within the 134.00/133.60 levels during yesterday's trading session.
On Tuesday, the price for gold booked a new high level, as the commodity shortly traded above the 1,915.00 level. The price managed to pass the previous May high of 1,913.12. In the near term future, the metal could gain support from the 55 and 100-hour simple moving averages and extend the surge. A potential target for the surge could be
The decline of the USD/JPY reached below the 109.40 level, where it found support in the 109.33/109.36 zone. During Tuesday's trading hours, the rate had recovered and reached the resistance of the 55-hour simple moving average near 106.70. If the 55-hour SMA provides enough resistance, the pair could once again test the 109.33/109.36 zone's support. If it would be passed, the
Despite passing the resistance of the zone above the 1.4220 level, the GBP/USD did not follow up with a large surge. The rate encountered resistance in the weekly R1 simple pivot point at 1.4246 and the 1.4250 level. By the middle of Tuesday's trading, the pair had retreated to the combined support of the 200-hour SMA and the weekly simple
On Monday, the EUR/USD managed to pass the resistance of the 100 and 200-hour simple moving averages near 1.2200. It was followed by a surge, which on Tuesday was testing the 1.2240 level. Note that the 1.2240 level reversed the rate's two surges. Namely, the EUR/USD bounced off the 1.2240 mark on May 19 and 21. In the case of
The US Dollar declined by 39 pips or 0.32% against the Canadian Dollar on Monday. The currency pair was pressured lower by the 50– and 200– hour SMAs during Monday's trading session.
The British Pound fell by 49 pips or 0.31% against the Japanese Yen on Monday. The GBP/JPY currency pair tested the support line at 155.38 during yesterday's trading session.
The 50– hour simple moving average provided support for the AUD/USD currency pair on Monday. As a result, the Australian Dollar has surged by 38 pips or 0.50% against the US Dollar since yesterday's trading session.
The EUR/JPY currency pair consolidated below the 134.00 level during Monday's trading session.
On Monday, the price for gold was testing the resistance of the 1,910.00 level. This level caused a decline during the middle of the last week. If the price declines, it would most likely find support in the combination of the 55 and 100-hour simple moving averages at 1,900.00. In addition, the 1,900.00 mark could provide support on its own. In the
On Friday, the USD/JPY broke the resistance of the 110.00 mark and touched the 110.20 level. However, a surge did not follow, as the rate declined. On Monday, the rate was located near the 109.70 level. In the case of the rate declining in the near term future, the pair could reach for the support of the weekly simple pivot point
On Monday, the GBP/USD traded below the 1.4200 mark, which provided resistance. In the meantime, support was being provided by the 100 and 200-hour simple moving averages near 1.4160. In the case of the rate surging, it would once again test the resistance of the 1.4200 mark. A passing of this level would encounter resistance in the zone above the 1.4220
The EUR/USD pierced the late May support zone above the 1.2160 level on Friday. However, almost immediately the rate returned to trading near the 1.2000 level. On Monday morning, the rate fluctuated in limbo around the round exchange rate level. In the near term future, the rate could decline, as it faced the resistance of the 100 and 200-hour simple
The US Dollar declined by 50 pips or 0.41% against the Canadian Dollar on Friday. A breakout occurred through the lower boundary of an ascending channel pattern during Friday's trading session.
The British Pound declined by 42 pips or 0.27% against the Japanese Yen on Friday. The GBP/JPY pair tested a support cluster at 155.54 during the London open on Monday.
During the first half of Friday's trading session, the Australian Dollar plunged by 66 pips or 0.86% against the US Dollar. However, the currency rebounded at the end of the day.
The common European currency declined by 31 pips or 0.23% against the Japanese Yen on Friday. The decline was stopped by the 50– hour simple moving average during Friday's trading session.
Downside risks pressured the US Dollar lower against the Canadian Dollar on Thursday. The currency pair tested the lower line of an ascending channel pattern during yesterday's trading session.
Upside risks pressured the Pound Sterling higher against the Japanese Yen on Thursday. The currency pair surged by 215 pips or 1.39% during Thursday's trading session.
The Australian Dollar declined by 26 pips or 0.34% against the US Dollar on Thursday. Bearish traders were unable to break the 0.7725 level during yesterday's trading session.
The single European currency surged by 106 pips or 0.80% against the Japanese Yen on Thursday. The currency pair breached a significant resistance level at 133.41 during Thursday's trading session.