Yesterday, the XAU/USD exchange rate skyrocketed to the 2,030.00 level. During Wednesday morning, the rate exceeded the given level.
On Tuesday, the USD/JPY currency pair failed to exceed the monthly PP at 106.09. During today's morning, the pair was testing the support from the 100– and 200-hour SMAs near 105.50.
Yesterday, the GBP/USD exchange rate pierced the weekly PP at 1.3013, however, reversed north. During Wednesday morning, the rate was trading at 1.3100.
On Tuesday, the EUR/USD currency pair reversed north from the 200-hour moving average near 1.1730. During today's morning, the pair exceeded the 1.1820 level.
The New Zealand Dollar has surged by 68 pips or 1.04% against the US Dollar since Tuesday's trading session. The currency pair tested the weekly pivot point at 0.6654 during the London session on Wednesday.
The US Dollar has declined by 144 pips or 1.07% against the Canadian Dollar since Tuesday's trading session. The currency pair tested a support cluster formed by the weekly S1 and the monthly S2 at 1.3278 on Wednesday morning.
The Australian Dollar surged by 57 pips or 0.80% against the US Dollar on Tuesday. The currency pair breached the monthly pivot point at 0.7151 during yesterday's trading session.
The common European currency declined by 69 pips or 0.55% against the Japanese Yen on Tuesday.
Yesterday, the XAU/USD exchange rate broke the lower line of the rising wedge pattern. During Tuesday morning, the rate was testing the support provided by the 55-hour SMA near 1,973.00.
On Monday, the USD/JPY currency pair was trading sideways around the monthly PP at 106.09. During today's morning, the pair maintained its consolidation.
Yesterday, the GBP/USD exchange rate traded between the 55– and 100-hour SMAs. During Tuesday morning, the rate was squeezed by the given moving averages.
On Monday, the EUR/USD currency pair re-tested the support level formed by the Fibo 61.80% at 1.1707. During today's morning, the pair was trading near 1.1800.
The New Zealand Dollar declined by 61 basis points or 0.92% against the US Dollar on Monday. The currency pair tested the lower boundary of an ascending channel pattern at 0.6580 during Monday's trading session.
The US Dollar declined by 59 basis points or 0.44% against the Canadian Dollar on Monday. The currency pair breached the 50-, 100– and 200– hour SMAs during yesterday's trading session.
The Australian Dollar declined by 68 basis points or 0.95% against the US Dollar on Monday. The currency pair reversed from a support cluster formed by the weekly pivot point and the monthly S1 at 0.7081 during Monday's trading session.
The common European currency declined by 84 basis points or 0.67% against the Japanese Yen on Monday. The decline was stopped by the 50– hour simple moving average during yesterday's trading session.
During previous trading session, the XAU/USD exchange rate continued to trade within the rising wedge pattern. During Monday morning, the rate was trading near the lower pattern line.
On Friday, the USD/JPY currency pair skyrocketed to 106.00. During today's morning, the pair tested the monthly PP at 106.09.
At the end of last week, the GBP/USD exchange rate failed to exceed the 1.3150. During today's morning, the rate was testing the 55-hour SMA near 1.3080.
On Friday, the EUR/USD currency pair reversed south from the 2020 high at 1.1903. During today's morning, the pair declined to 1.1750.
Downside risks dominated the New Zealand Dollar lower against the US Dollar on Friday. The currency pair fell by 83 points or 1.23% during Friday's trading session.
The US Dollar declined by 57 points or 0.42% against the Canadian Dollar on Friday. The decline was stopped by the 100– hour simple moving average during Friday's trading session.
Downside risks have dominated the Australian Dollar lower against the US Dollar since Friday's trading session. The currency pair has declined by 107 points or 1.48% during this period.
Upside risks dominated the common European currency against the Japanese Yen on Friday. The currency pair surged by 126 points or 1.02% during Friday's trading session.