The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
AUD/USD: confirmed 'Thorn' pattern
Information is not investment advice
The last pullback from the Moving Averages led to form a new local high, so there's a 'Thorn' pattern, which has been confirmed. In this case, it's likely to have a local correction towards the nearest support at 0.7151 - 0.7147. This area could be a starting point for another advance in the direction of the next resistance at 0.7198 - 0.7206.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Technical analysis of the USD/CAD
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
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.