The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
USD/JPY: bullish 'Hammer'
There'a bullish 'Hammer', which has been formed on the lower 'Window'. In this case, the market is likely going to test the upper 'Window" pretty soon. If any bearish pattern forms afterwards, there'll be a moment for a downward correction.
There're two bearish 'Engulfing' patterns in a row so that we could have a local correction. Even so, bulls are likely going to reach the next resistance area little later on.
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?