Yesterday, the EUR/USD currency pair traded sideways, trying to surpass the resistance level formed by the 200-hour SMA and the weekly PP at 1.1281. During today's morning, the pair reversed south.
The New Zealand Dollar has depreciated about 43 base points against the US Dollar since yesterday's trading session. The currency pair has been guided by the three moving averages since May 14.
The 50-hour simple moving average provided support for the US Dollar versus the Canadian Dollar on Thursday. After hitting the 50-hour SMA, the currency pair made a reversal to the upside.
The Australian Dollar depreciated about 35 base points against the US Dollar on Thursday. The currency pair maintained the junior descending channel pattern during yesterday's trading session.
The common European currency has depreciated about 50 base points against the Japanese since yesterday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern at 122.12 during the morning hours of Friday's trading session.
On Wednesday, the XAU/USD exchange rate traded sideways, trying to surpass the support level—the monthly R2 at 1,3333.67.
Yesterday, the USD/JPY currency pair tried to surpass the resistance level formed by the 55– and 100-hour SMAs, as well the Fibonacci 38.20% retracement at 108.44.
Yesterday, the GBP/USD exchange rate reversed south from the upper boundary of the short-term descending channel circa 1.2740 and dropped to the 200-hour SMA.
On Wednesday, the EUR/USD currency pair declined to the lower boundary of the short-term ascending channel located circa 1.1280. During today's morning, the pair was testing the given line.
The New Zealand Dollar traded sideways movement against the US Dollar on Wednesday. The 50-hour simple moving average provided resistance for the pair during Wednesday's trading session.
The US Dollar appreciated about 68 base points against the Canadian Dollar on Wednesday. The surge was stopped by the weekly pivot point at 1.3351 during yesterday's trading session.
The Australian Dollar has continued its decline in a descending channel pattern against the US Dollar. The currency pair has dropped about 0.83% in value since yesterday's trading session.
The single European currency depreciated about 56 base points against the Japanese Yen on Wednesday. The currency pair breached both the 50– and 100-hour SMAs during yesterday's trading session.
Yesterday, the XAU/USD exchange rate reversed north from the lower boundary of the short-term descending channel at 1,321.57. During Wednesday's morning, the rate was testing the upper channel line at 1,337.87.
During the previous trading session, the USD/JPY currency pair reversed from the upper boundary of the short-term ascending channel at 108.75. During today's morning, the pair was testing the support level—the weekly PP at 108.22.
On Tuesday, the GBP/USD exchange rate extended gains and reached the psychological level at the 1.2730 mark. During Wednesday's morning, the rate was testing the upper boundary of the short-term descending channel.
Yesterday, the EUR/USD currency pair tried to surpass the resistance level formed by the monthly R2 at 1.1338. During today's morning, the pair was still testing the given resistance.
The New Zealand Dollar has continued to edge lower in a narrow descending channel pattern against the US Dollar. The currency pair breached the upper boundary of the channel pattern at 0.6576 during the morning hours of Wednesday's trading session.
The US Dollar breached the upper boundary of a junior descending channel pattern at 1.3295 during the morning hours of Wednesday's trading session.
The 200-hour simple moving average provided resistance at 0.6967 for the AUS/USD currency pair during yesterday's trading session. The Aussie versus the Greenback has revealed a new junior descending channel pattern.
The 50-hour simple moving average guided the EUR/JPY currency pair up during yesterday's trading session.
On Monday, the XAU/USD exchange rate traded sideways between the 1,325.00 and 1,330.00 levels.
During the previous trading session, the USD/JPY currency pair reversed north from the 100-hour SMA at 108.34. During today's morning, the pair was testing the resistance level formed by the weekly R1 at 108.61.
Yesterday, the GBP/USD exchange rate traded sideways between the 55-, 100– and 200-hour SMAs, located at 1.2700 and 1.2673 respectively.