During Wednesday's trading session, the currency exchange rate passed the support level of the 200-hour simple moving average to end the trading session at 1.3200. On Thursday morning, the rate was located at the 50.00% Fibo at 1.3163. Note, the chart was fully reviewed to draw a new pattern!
During Wednesday's trading session, the European Single Currency jumped to the 1.1440 level breaking most of the technical indicators to end the trading session at R2 at the 1.1420 mark. On Thursday morning, the rate depreciated to the previously drawn small pattern at the 1.1395 mark.
Downside risks have dominated the common European currency against the Japanese Yen since Wednesday's trading session. The currency pair has lost about 0.75% in value during the last 24 hours.
The New Zealand Dollar has depreciated about 0.64% in valueagainst the US Dollar. The decline was stop by a support level formed by the 200-hour simple moving average at 0.6830.
The US Dollar traded with high volatility against the Canadian Dollar on Tuesday. The Greenback lost about 93 base points during the first part of yesterday's trading session. Nevertheless, during the last 24 hours, the currency pair had regained its lost positions.
During the last 48 hours, the Australian Dollar has depreciated about 0.73% in value against the US Dollar. The currency pair breached the 50-, 100– and 200-hour SMAs during Tuesday's trading session.
During Tuesday's trading session, the Eurozone single currency was trading near the lower boundary of a medium-term ascending channel pattern. The 100-hour simple moving average provided support for the pair at 126.30.
During Tuesday's trading session, the yellow metal surged to the upper boundary of the medium pattern line at the 1,310.00 mark. On Wednesday morning, gold was trading between the 100-hour and the 200-hour simple moving averages at the 1,302.53 mark.
During Tuesday's trading session, the support levels of the 55-hour SMA together with the weekly pivot point at 111.42 pushed the currency exchange rate to break the resistance level of the 100-hour SMA. On Wednesday morning, the rate was supported by the 100-hour SMA to be located at the 111.57 mark.
During Tuesday's trading session, the 100-hour simple moving average supported the rate to reach the 1.3300 level. During Wednesday's morning hours, the 55-hour and the 100-hour simple moving averages retraced the rate to the 1.3222 mark.
During Tuesday's trading session, the currency exchange rate surged to 1.1360 level as it was predicted! On Wednesday morning, the rate was located between the 55-hour and the 100-hour simple moving averages at the 1.3437 mark.
The New Zealand Dollar depreciated about 33 base points against the US Dollar on Monday. The currency pair tested the lower boundary of an ascending channel pattern at 0.6846 during the previous trading session.
The US Dollar appreciated about 63 base points against the Canadian Dollar on Monday. The currency pair breached the upper boundary of a medium-term descending channel pattern at 1.3340 during yesterday's trading session.
After hitting a resistance level formed by the weekly R1 at 0.7116, the Australian Dollar began to depreciate. The Aussie lost about 0.43% of its values against its US counterpart.
The single European currency depreciated about 51 base points against the Japanese Yen on Monday. The currency pair breached a support level formed by the 50-hour simple moving average at 126.35 during yesterday's trading session.
During Monday's trading session, the yellow metal was supported by the 100-hour simple moving average to end the trading session at 1302.00. On Tuesday morning, the rate was located at the 1,305.92 mark.
During Monday's trading session, the currency exchange rate passed the support level of the 200-hour simple moving average to end the trading session at 111.20. On Tuesday morning, the rate was trading sideways at the 111.28 mark.
During Monday's trading session, the currency exchange rate passed through most of the technical indicators to end the trading session at 1.3200. On Tuesday morning, the 55-hour simple moving average supported the rate to trade at the 1.3269 mark.
During Monday's trading session, the European Single Currency depreciated against the US Dollar to 1.1320. On Tuesday morning, the rate recovered itself to the 1.1354 mark.
During Friday's trading session, the yellow metal passed through the support levels of the 55-hour and the 100-hour simple moving averages to end the trading session at 1,298.00. On Monday morning, gold was located at the upper boundary of the medium pattern line at the 1,305.17 mark.
During Friday's trading session, the 100-hour simple moving average supported the rate to end the trading session at 111.40. On Monday morning, the rate was trading between the 55-hour and the 100-hour simple moving averages at the 111.51 mark.
During Friday's trading session, the 55-hour simple moving average supported the British Pound to trade sideways at 1.3250. On Monday morning, the rate passed the support level of the 55-hour SMA to be located at the 1.3240 mark.
The New Zealand Dollar is gradually making a new higher highs and lower lows since the currency pair bounced off a support level formed by the 200-hour simple moving average at 0.6809 on March 14.
The US Dollar appreciated about 80 base points against the Canadian Dollar on Friday. The currency pair tested the upper boundary of a descending channel pattern during Friday's trading session.