The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
AUDJPY is moving to the resistance
Information is not investment advice
On the daily chart of AUDJPY, the MACD indicator has formed the bulllish divergence and the pair has risen. But the upward movement may be limited. The resistance is placed at 72.350. If the pair turns around, the support will lie at 71.30. If bulls are able to push the pair above 72.350, the next level to open longs is at 73.200.
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
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.