The 50– hour simple moving average has continued to pressure the US Dollar lower against the Canadian Dollar since yesterday's trading session. However, the currency pair traded with low volatility during Thursday's session.
Since yesterday's trading session, the Australian Dollar has declined by 64 basis points against the US Dollar. The currency pair breached the 50– and 100– hour SMAs during Thursday's trading session.
The common European currency has depreciated by 1.12% in value against the Japanese Yen since yesterday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern at 121.42 on Thursday.
Since last year, the yellow metal's price has been pushed up by the 55-hour simple moving average.
The USD/JPY started a recovery at the end of the year. By middle of Thursday's trading, the recovery had reached above the resistance of the 55-hour simple moving average near 108.80.
At the start of this year's trading, the GBP/USD currency exchange rate declined.
On Thursday morning, the year's trading started with the EUR/USD declining below the 1.1200 level. By the middle of the day, the rate was approaching the support of the 100-hour simple moving average.
The 50– hour simple moving average has guided the New Zealand Dollar higher against the US Dollar since December 26. The currency pair has surged by 2% during the period.
The US Dollar has declined by 1.45% in value against the Canadian Dollar since December 26. The 50– hour simple moving average pressured the currency pair lower during this period.
The 50– hour simple moving average has been guiding the Australian Dollar higher against the US Dollar since December 26. The currency pair has surged by 107 basis points during this period.
The single European currency has depreciated by 0.62% in value against the Japanese Yen since December 27. The currency pair is trading in a narrow descending channel pattern.
On Friday, the XAU/USD exchange rate consolidated in the 1,510.00 area. During today's morning, the rate maintained its consolidation.
During last trading session, the USD/JPY currency pair tumbled to the weekly S2 located at 109.13. During Monday morning, the pair was testing the given support.
During previous trading day, the GBP/USD exchange rate advanced to the resistance level—the monthly R2 at 1.3115. During Monday morning, the rate was testing the given resistance.
On Friday, the EUR/USD currency pair skyrocketed to the resistance level formed by the Fibo 38.30% at 1.1200. During today's morning, the pair was testing the given resistance.
During previous trading sessions, the XAU/USD exchange rate breached the long-term ascending channel north and reached the 1,500.00 level. During today's morning, the rate was trading at the given level.
Yesterday, the USD/JPY currency pair reached the upper boundary of the long-term descending channel at 109.65. During Friday morning, the pair reversed south.
During previous trading sessions, the GBP/USD exchange rate went upwards. During today's morning, the rate was testing the resistance level—the monthly R1 at 1.3028.
Recently, the EUR/USD currency pair exceeded the 1.1100 level. During Friday morning, the pair skyrocketed to the monthly R1 at 1.1138.
During previous trading session, the XAU/USD exchange rate tried to surpass the resistance level at 1,480.00. During Monday morning, the rate exceeded the given resistance and jumped to the 1,484.00 mark.
On Friday, the USD/JPY currency pair failed to surpass the 109.50 level. During today's morning, the pair reversed south.
At the end of previous week, the GBP/USD exchange rate traded sideways around the monthly R1 at 1.3028. During today's morning, the rate surpassed the 1.3000 level.
On Friday, the EUR/USD currency pair dropped to the 1.1070 level. During Monday morning, the pair was reversed north from the given level.
On Thursday, the XAU/USD exchange rate failed to surpass the resistance level formed by the 1,480.00 level. During today's morning, the rate reversed north.