The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
USD/JPY: bearish 'High Wave'
There'a 'Shooting Star', so the pair is likely going to test the closest support at 109.89 in the coming hours. A pullback from this level could be a starting point for an upward price movement in the direction of the next resistance at 110.80.
The last bearish 'High Wave' has been confirmed, so the price is likely going to test the nearest support at 109.89. If any bullish pattern forms next, there'll be a moment for another advance.
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?