The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/USD: 'Shooting Star' led to decline
There's a bearish 'Shooting Star', but confirmation of this pattern isn't enough. So the market is likely going to test the 144 Moving Average, which could be a departure point for a bullish price movement
The last 'Shooting Star' led to the current decline, but there's an opportunity to have a local upward correction. Even so, bears are likely going to test the lower 'Window' afterwards.
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?