The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/USD: bullish 'Three Methods' pattern
The 34 & 55 Moving Averages have acted as support, but there's no any reversal pattern so far. So, the price is likely going to test the 144 Moving Average (1.1455), which could act as resistance. If so, there'll be time for another decline.
There's a bullish 'Three Methods' pattern, which has been confirmed. In this case, the pair is likely going to reach the next resistance at 1.1427, which could be a departure point for a decline in the direction of the previously tested support at 1.1400 (lower 'Window').
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.
AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?