The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
USD/JPY: lower 'Window' acted as support
Information is not investment advice
The lower 'Window' has acted as support, so there's a 'Doji' pattern, which has been confirmed. Thus, it's likely that the market is going to test the upper 'Window' and the Moving Averages in the short term. If a pullback from these levels happens next, there'll be a moment to have a decline towards another support at 108.13.
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.