The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/USD: price to test the nearest resistance
There's a bearish 'Shooting Star', but confirmation of this pattern is quite weak, so the price is likely going to test the nearest resistance at 1.1555 once again. A pullback from this level could be a starting point for another decline towards the next support at 1.1392.
We've got a 'Three Black Crows' pattern, so the pair is going to test the closest support at 1.1485. If a pullback from this level happens little later on, we should watch the nearest resistance at 1.1555 as an intraday bullish target.
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?