The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
NZD/USD: pair consolidating above Moving Averages
The market is consolidating above the Moving Averages. Also, there's a local 'V-Bottom' pattern, so the pair is likely going to achieve the previously tested resistance at 0.6886 - 0.6902, which stopped bulls many times before. Thus, another pullback from this area could be a departure point for a downward correction in the direction of the Moving Averages.
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?