Yesterday, the British Pound tumbled to 1.2200 against the US Dollar. During Wednesday morning, the GBP/USD exchange rate jumped to the 1.2260 mark.
On Tuesday, the EUR/USD currency pair dropped to the support level formed by the 200-hour SMA and the weekly PP circa 1.0950. During today's morning, the pair raised to the 1.0980 mark.
On Tuesday, the Australian Dollar depreciated by about 32 basis points against the US Dollar. A breakout occurred through the lower boundary of an ascending channel pattern at 0.6743 at the end of the previous session.
Downside risks prevailed in the market on Tuesday, thus, sending the common European currency to crash by 78 basis points against the Japanese Yen.
During Monday, gold depreciated against the US Dollar. During today's morning, the XAU/USD exchange rate raised to the 1,505.00 level.
Yesterday, the USD/JPY currency pair reached the upper boundary of the falling wedge pattern at 107.44. During Tuesday morning, the pair reversed south from the line.
On Monday, the GBP/USD exchange rate traded sideways around the 1.2300 level. During today's morning, the rate dropped to the support level—the weekly S1 at 1.2228.
Yesterday, the EUR/USD currency pair tested the psychological level at 1.1000. During Tuesday morning, the pair was trading near the given level.
The New Zealand Dollar edged lower by 0.55% in value against the US Dollar on Monday. The decline was stopped by a support cluster formed by the 100– hour simple moving average and the weekly pivot point at 0.6285 during the previous trading session.
The US Dollar depreciated about 37 basis points against the Canadian Dollar on Monday. Meanwhile, the overall market sentiment remained bearish during the first part of today's trading session.
The Australian Dollar reversed from the upper boundary of a descending channel pattern at 0.6760 against the US Dollar on Monday. The currency pair depreciated by 34 basis points during Monday's trading session.
The price movement of the common European currency against the Japanese Yen was guided by bullish sentiment. The currency pair appreciated about 74 basis points during yesterday's trading session.
Gold has remained near previous levels, as it failed to pass the resistance of the 1,515.00 level on Friday. The failure was attributed to the release of US Employment data on Friday, which strengthened the US Dollar.
During Monday's Asian trading session, the USD/JPY tested the resistance of the 55-hour simple moving average, which had held the rate down since Friday.
On Monday morning, the GBP/USD declined below the simple weekly pivot point and the three hourly simple moving averages, which are used by Dukascopy Analytics.
On Monday morning, the EUR/USD broke the lower trend line of the ascending wedge pattern, which guided it last week. However, the event does not necessarily signal a decline.
The New Zealand Dollar has depreciated by 46 pips against the US Dollar since Friday's trading session. The currency pair breached the lower boundary of an ascending channel at 0.6285 during the European trading session on Monday.
The US Dollar continued to range between the 1.3345/1.3296 region against the Canadian Dollar on Friday. The currency pair tested the 50– hour simple moving average during the morning hours of today's trading session.
The Australian Dollar appreciated about 34 basis points against the US Dollar on Friday. A breakout occurred through the upper boundary of a descending channel pattern during Friday's trading session.
The common European currency appreciated about 38 basis points against the Japanese Yen on Friday. The currency pair breached the 50– hour simple moving average at 117.35 during Friday's trading session.
On Thursday, the XAU/USD exchange rate tried to surpass the psychological level at 1,515.00. During today's morning, the rate was trading at the 1,510.00 mark.
Yesterday, the USD/JPY currency pair consolidated at the 106.80 level. During Friday morning, the pair maintained its consolidation.
On Thursday, the GBP/USD exchange rate jumped to the 1.2400 level. During today's morning, the rate was testing the support formed by the 200-hour SMA at 1.2340.
Yesterday, the EUR/USD currency pair reached the 1.0990 level. During Friday morning, the pair was trading at 1.0980 mark.