The Australian Dollar declined by 47 pips or 0.60% against the US Dollar on Wednesday. The decline was stopped by a support cluster formed by the 50-, 100– and 200– hour SMAs at 0.7740 during yesterday's trading session.
The common European currency declined by 48 pips or 0.38% against the Japanese Yen on Wednesday. The currency pair breached the weekly support level at 126.22 during yesterday's trading session.
Since Tuesday, the XAU/USD exchange rate has been testing the resistance level—the Fibo 23.60% at 1,860.59.
During today's morning, the USD/JPY currency pair reversed north from the support level—the weekly PP at 103.56.
Yesterday, the GBP/USD exchange rate breached the short-term descending channel north and skyrocketed to 1.3700.
During Wednesday morning hours, the EUR/USD currency pair bounced off the resistance provided by the 100-hour SMA near 1.2210.
The New Zealand Dollar surged by 84 points or 1.18% against the US Dollar on Tuesday. The currency pair tested the upper boundary of a descending channel pattern at 0.7240 during yesterday's trading session.
The US Dollar declined by 84 points or 0.66% against the Canadian Dollar on Tuesday. The currency pair tested the lower boundary of an ascending channel pattern at 1.2703 on Wednesday morning.
The Australian Dollar edged higher by 87 points or 1.13% against the US Dollar on Tuesday. The currency pair breached the 50-, 100– and 200– hour SMAs during yesterday's trading session.
The single European currency declined by 36 points or 0.30% against the Japanese Yen on Tuesday. The 200– hour simple moving average provided resistance for the currency pair during yesterday's trading session.
Since Tuesday morning, the XAU/USD exchange rate pierced the resistance level formed by the 55-hour SMA and the Fibo 23.60% near 1,860.00.
Since Monday, the USD/JPY currency pair has been consolidating in the 104.20 area.
The GBP/USD exchange rate has revealed a short-term descending channel.
Since Monday afternoon, the EUR/USD currency pair has been trading sideways around the weekly S1 at 1.2161.
The New Zealand Dollar declined approximately 40 basis points or 0.54% against the US Dollar on Monday. The currency pair tested the lower boundary of a descending channel pattern during yesterday's trading session.
During the first part of Monday's trading session, the US Dollar surged by 119 basis points or 0.93% against the Canadian Dollar. However, the currency pair surrendered the earlier profits by the end of the day.
The AUD/USD currency pair declined by 50 basis points or 0.67% during the first half of yesterday's trading session. However, the Aussie regained the lost positions at the end of the day.
The common European currency declined by 38 basis points or 0.30% against the Japanese Yen on Monday. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.
During today's morning, the XAU/USD exchange rate reversed north from the 1,830.00 mark.
During Monday morning hours, the USD/JPY currency pair broke the upper line of the medium-term descending channel.
As apparent on the chart, the GBP/USD exchange rate breached the descending triangle pattern south and pierces the weekly S1 at 1.3506.
The EUR/USD currency pair has broken the medium-term ascending channel and dropped below the 1.2200 mark.
The New Zealand Dollar has edged lower by 95 pips or 1.31% against the US Dollar since Friday's trading session. The currency pair breached the lower boundary of an ascending channel pattern on Friday.
The US Dollar has surged by 89 pips or 0.70% against the Canadian Dollar since Friday's trading session. A breakout occurred through the upper boundary of an ascending channel pattern on Monday morning.