The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
GBP/USD: developing 'Pennant' pattern
There's a developing 'Pennant' pattern, so the market is likely going to reach the nearest support at 1.3711 soon. A pullback from this level could be a departure point for a bullish correction.
The price is consolidating between the 1.3799 - 1.3739 levels under the Moving Averages. The main intraday target is the next support 1.3711.
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?