The common European currency traded above a support cluster formed by the combination of the weekly and the monthly pivot points at 122.59 during yesterday's trading session.
Yesterday, the XAU/USD exchange rate traded sideways around the 55-hour moving average, currently located at the 1,297.25 mark.
During the previous trading session, the USD/JPY currency pair traded sideways between the weekly S1 and the Fibonacci 50.00% retracement, located 109.32 and 109.58 respectively.
On Wednesday, the GBP/USD exchange rate tumbled to the support level—the weekly S2 at the 1.2843 mark.
Yesterday, the EUR/USD currency pair tested the support level formed by the weekly S1 at 1.1184.
The Decline of the New Zealand Dollar against the US Dollar continued during yesterday's trading session. The currency pair depreciated about 30 base points during Wednesday's session.
The US Dollar depreciated about 63 base points against the Canadian Dollar on Wednesday. The currency pair breached the 50-, 100– and 200-hour SMAs during yesterday's trading session.
The Australian Dollar depreciated about 41 base points against the US Dollar on Wednesday. The currency pair breached a support level formed by the weekly S2 at 0.6918 during yesterday's session.
During the first part of yesterday's trading session, the EUR/JPY currency pair depreciated about 90 base points. However, the single European currency regained some of its lost positions at the end of the session.
The New Zealand Dollar depreciated about 25 base points against the US Dollar on Tuesday. The pair was pressure down by the 50-hour simple moving average during yesterday's trading session.
The US Dollar traded sideways movement against the Canadian Dollar on Tuesday. The currency pair was supported by a support cluster formed by the 50– and 100-hour SMAs at 1.3460 during Tuesday's trading session.
The Australian Dollar depreciated about 33 base points against the US Dollar on Tuesday. The currency pair was pressured down by the 50-hour simple moving average during yesterday's trading session.
The common European currency depreciated about 70 base points against the Japanese Yen on Tuesday. The monthly pivot point at 122.59 provided support for the exchange rate during yesterday's trading session.
Yesterday, the XAU/USD exchange rate breached the falling wedge pattern north and skyrocketed to the 1,300.00 level.
During the previous trading session, the USD/JPY currency pair tumbled to the monthly S3 at the 109.12 mark. During Tuesday's morning, the pair reversed north to the 55– and 100-hour SMAs located circa 109.68.
On Monday, the GBP/USD exchange rate dropped to the lower boundary of the medium-term ascending channel at 1.2940. During today's morning, the rate was testing the lower channel line.
Yesterday, the EUR/USD currency pair re-tested the upper boundary of the short-term ascending channel at 1.1258.
The New Zealand Dollar traded with low volatility against the US Dollar on Monday. The currency pair made 26 base points movement during yesterday's trading session.
The US Dollar appreciated about 94 base points against the Canadian Dollar on Monday. The surge was stopped by a resistance level formed by the weekly R1 at 1.3490 during yesterday's session.
During yesterday's trading session, the Australian Dollar depreciated about 44 base points against the US Dollar. The currency pair breached a support cluster formed by the weekly and the monthly PPs at 0.6958 on Monday.
The Eurozone single currency depreciated about 0.59% in value against the Japanese Yen on Monday. The decline was stopped by a support level formed by the monthly S1 at 122.59.
On Friday, the XAU/USD exchange rate tried to reach the upper boundary of the falling wedge pattern located circa 1,290.00.
During the previous trading session, the USD/JPY currency pair traded sideways between the Fibonacci 50.00% retracement at 109.58 and the monthly S2 at 109.97.
On Friday, the GBP/USD exchange rate traded sideways around the 1.3040 mark within the short-term ascending channel.