The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
NZD/USD: 'V-Bottom' pushing price higher
There's a 'V-Bottom', which pushed the price higher, so the trendline turned out to be broken. It's likely to have a local downward correction in the coming hours. In this case, we should watch the nearest support at 0.6524 as a potential target for another advance towards the next resistance at 0.6572 - 0.6581.
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.