The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/USD: pair going to test Moving Averages
The last bullish 'Harami' hasn't been confirmed because all the last candles are bearish. So, the market is likely going to test the Moving Averages, which could be a departure point for another upward price movement.
There's a bullish 'Hammer', which has been formed on the 55 Moving Average. However, confirmation of this pattern is quite weak. So, after a short break, bears are likely going to test the 144 Moving Average.
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
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
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.