On Wednesday, gold's price was testing the resistance of the 55-hour SMA, which had caught up to the commodity price.
The Eurozone single currency appreciated about 106 base points against the Japanese Yen on Tuesday. The exchange rate made a new high at 123.73 during yesterday's trading session.
As it was expected, the USD/JPY had become overbought due to the jump that occurred on Tuesday. This resulted in a decline, which by the middle of London's Wednesday session had reached 110.40.
After experiencing a sharp jump up and decline at the end of Tuesday's London trading session, the GBP/USD resumed its decline. By the middle of Wednesday's trading session the rate had reached below 1.2680.
On Wednesday morning, the EUR/USD traded below the 1.1170 level.
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 US Dollar traded with low volatility against the Canadian Dollar on Monday. The currency pair breached the lower boundary of a medium-term ascending channel pattern at 1.3420.
During the last 24 hours, the Australian Dollar has depreciated about 62 base points against the US Dollar. Bears have regained their lost positions during the morning hours of today's trading session.
The single European currency depreciated 62 base points against the Japanese Yen on Monday. However, the currency pair regained some of its lost points at the end of yesterday's trading session.
Yesterday, the XAU/USD exchange rate traded sideways between the Fibonacci 38.20% retracement at 1,273.68. and the 1,280.00 level.
On Monday, the USD/JPY currency pair went upwards and reached the upper boundary of the short-term ascending channel at 110.20. During today's morning, the pair was testing the given line.
Yesterday, the GBP/USD exchange rate traded sideways around the 1.2740 level. During Tuesday's morning, the rate traded near the 1.2720 mark.
During Monday's trading session, the EUR/USD currency pair tried to breach the short-term ascending channel south. During today's morning, the pair declined to the 1.1150 mark.
The New Zealand Dollar depreciated about 33 base points against the US Dollar on Friday. The currency pair tested the 0.6520 mark during Friday's trading session.
The US Dollar depreciated more than 70 base points against the Canadian Dollar on Friday. The currency pair breached the 50-, 100– and 200-hour SMAs during Friday's trading session.
The Australian Dollar appreciated about 0.81% in value against the US Dollar on Monday. The surge was attributed to a surprise victory by the country's conservative government.
The common European currency appreciated about 75 base points against the Japanese Yen on Friday. The exchange rate breached the 200-hour simple moving average at 122.84 at the end of Friday's trading session.
Yesterday, the XAU/USD exchange rate dropped to the lower boundary of the short-term ascending channel at the 1,284.00 mark.
On Thursday, the USD/JPY currency pair skyrocketed to the monthly S2 at the 109.97 mark.
Yesterday, the GBP/USD exchange rate traded down and surpassed the psychological level at the 1.2800 mark.
During the previous trading session, the EUR/USD currency pair surpassed the weekly S1 at 1.1184.
The New Zealand Dollar depreciated about 54 base points against the US Dollar on Thursday. The currency pair breached both the monthly pivot point at 0.6560 and the weekly S1 at 0.6542 during the previous session.
The US Dollar appreciated about 68 base points against the Canadian Dollar on Thursday. The currency pair bounced off from the bottom border of an ascending channel pattern at the end of yesterday's trading session.
The 50-hour simple moving average has continued to guide the Australian Dollar lower against the US Dollar. The currency pair depreciated about 48 base points during yesterday's trading session.