The New Zealand Dollar is gradually edging higher against the US Dollar in a junior ascending channel pattern. The currency pair appreciated about 56 basis points during yesterday's trading session.
The US Dollar was trading within the range of 1.3345/1.3296 against the Canadian Dollar during Thursday's trading session.
Upside risks dominated the Australian Dollar against the US Dollar on Thursday. As a result, the currency pair appreciated by about 53 basis points during the following trading session.
The Eurozone single currency depreciated about 50 basis points against the Japanese Yen on Thursday. The 50– hour simple moving average pressured the currency pair lower during yesterday's trading session.
Yesterday, the XAU/USD exchange rate raised to the resistance level formed by the monthly PP and the 200-hour SMA circa 1,500.00. During Thursday, the rate was testing the given resistance.
On Wednesday, the USD/JPY currency pair dropped to the support level formed by the Fibonacci 23.60% retracement at 107.02. During today's morning, the pair was testing the given support.
Yesterday, the GBP/USD exchange rate reached the upper boundary of the medium-term descending channel at 1.2320. During Thursday morning, the rate was testing the given line.
On Wednesday, the EUR/USD currency pair jumped to the resistance cluster formed by the weekly and monthly PPs, as well the 200-hour SMA in the 1.0951/1.0965 range.
The New Zealand Dollar has appreciated about 77 basis points against the US Dollar since Wednesday's trading session.
Since Wednesday's trading session, the US Dollar has surged by about 125 basis points against the Canadian Dollar. The currency pair breached both the 50-, 100– and 200– hour SMAs during on Wednesday.
The Australian Dollar has appreciated about 44 basis points against the US Dollar since yesterday's trading session.
During the past 24 hours of trading, the common European currency has depreciated by about 0.56% in value against the Japanese Yen. The currency pair breached the monthly S1 at 117.40 during the morning hours of Thursday's trading session.
On Tuesday, the XAU/USD exchange rate tested the resistance formed by the 55-hour SMA at 1,477.64. During today's morning, the rate surpassed the given resistance.
Yesterday, the USD/JPY currency pair breached the rising wedge pattern south. During Wednesday morning, the pair surpassed the support level formed by the weekly PP at 107.71.
On Tuesday, the GBP/USD exchange rate re-tested the lower boundary of the medium-term descending channel at 1.2210.
Yesterday, the EUR/USD currency pair tried to surpass the 1.0940 level. Druing Wednesday morning, the pair reversed south.
The New Zealand Dollar bounced off the lower boundary of a junior descending channel at 0.6209 on Tuesday. As a result, the currency pair appreciated about 48 basis points.
The US Dollar depreciated about 0.61% in value against the Canadian Dollar on Tuesday. The decline started after the US factory activity tumbled to more than 10-year low, sparking concerns that the fallout from the US-China trade war is spreading to the US economy.
The Australian Dollar depreciated about 100 basis points against the US Dollar on Tuesday. The decline began after a negative macroeconomic data releases from Australian.
The common European currency depreciated about 45 basis points against the US Dollar on Tuesday. The decline started after the currency pair tested the monthly pivot point at 118.08.
On Monday, the XAU/USD exchange rate breached the descending triangle pattern south. During today's morning, the rate was testing the support level formed by the Fibo 23.60% at 1,462.89.
Yesterday, the USD/JPY currency pair advanced and reached the 108.20 level. During Tuesday morning, the pair tested the upper boundary of the rising wedge pattern at 108.40.
During Monday, the GBP/USD exchange rate consolidated near the 1.2300 level. During today's morning, the rate was trying to surpass the resistance formed by the 55-hour SMA at 1.2299.
Yesterday, the Euro depreciated against the US Dollar. During Tuesday morning, the EUR/USD pair reversed north from the support level formed by the weekly S1 and the Fibo 23.60% at 1.0886.