On Tuesday, the EUR/USD currency pair declined to the 1.1140 level. During today's morning, the pair tried to surpass the monthly PP at 1.1153.
The Australian Dollar is currently trading in a narrow descending channel pattern against the US Dollar. The currency pair declined by 87 basis points during yesterday's trading session.
The single European currency declined by 119 basis points against the Japanese Yen on Tuesday. The decline was stopped by the monthly S 1 at 120.33 during yesterday's trading session.
The New Zealand Dollar appreciated by 32 basis points against the US Dollar on Monday. The surge was stopped by the 200– hour simple moving average during yesterday's trading session.
Yesterday, the XAU/USD exchange rate reversed south from the 1,580.00 level. During Tuesday morning, the rate traded at the 1,560.00 mark.
On Monday, the USD/JPY currency pair raised to the resistance formed by the Fibo 38.20%, the weekly PP and the 100-hour SMA circa 108.50. During today's morning, the pair was testing the given resistance.
Yesterday, the GBP/USD exchange rate reached the 1.3180 mark. During Tuesday morning, the rate was testing the upper boundary of the medium-term descending channel.
On Monday, the EUR/USD currency pair tried to surpass the resistance level formed by the Fibo 38.20%. During today's morning, the pair was trading near the given level.
The US Dollar has continued to trade sideways against the Canadian Dollar since Monday's trading session. The currency pair made about 22 pips movement on Monday.
The Australian Dollar has declined by 58 basis points against the US Dollar since yesterday's trading session.
The common European currency appreciated by 108 basis points against the Japanese Yen on Monday. The currency pair tested the 50.00% Fibonacci retracement level at 121.33 during yesterday's trading session.
On Friday, the XAU/USD exchange rate jumped to the 1,580.00 level. During Monday morning, the rate was testing the given level.
On Friday, the USD/JPY currency pair traded sideways at the 108.00 area. During today's morning, the pair was testing the resistance level—the monthly S1 at 108.17.
During last trading session, the GBP/USD exchange rate tested the support provided by the 200-hour SMA at 1.3060. During Monday morning, the rate was testing the resistance formed by the weekly PP, as well the 55– and 100-hour SMAs in the 1.3140 area.
On Friday, the EUR/USD currency pair re-tested the 1.1140 level. During today's morning, the pair raised to the 100-hour SMA at 1.1190.
The New Zealand Dollar depreciated by 53 basis points against the US Dollar on Friday. The currency pair breached the 200– hour simple moving average at 0.6672 during Friday's trading session.
The US Dollar traded sideways against the Canadian Dollar on Friday. The currency pair traded the weekly pivot point at 1.3010 during Friday's trading session.
The Australian Dollar fell by 54 basis points against the US Dollar on Friday. The currency pair tested a support level formed by the monthly pivot point at 0.6934 during the morning hours of Monday's trading session.
The Eurozone single currency depreciated by 100 basis points against the Japanese Yen on Friday. The currency pair tested the lower boundary of a descending channel pattern at 120.16 during the previous trading session.
Gold broke the resistance of the 1,525.00 level on Thursday. It resulted in a sharp surge, which reached the target of the 1,544.31, which was expected to be reached only next week.
On Friday morning London trading hours, the USD/JPY reached below the 108.00 level.
The GBP/USD has continued to decline. By the middle of Friday's London trading hours, the pair reached the support of the 200-hour simple moving average at 1.3061. In theory, the rate had two possible scenarios.
The Thursday squeeze of the EUR/USD resulted in high volatility and a break out to the downside.
The New Zealand Dollar has been depreciating against the US Dollar since Thursday's trading session. The currency pair has declined by 84 basis points during the last 24 hours of trading.