On Wednesday morning, USDJPY is trading within a narrow range; investors can’t decide on their priorities.
The major currency pair is slightly growing in the middle of the week; investors are following US-Chinese trade talks.
Both instruments are about to complete their corrections, but the time when they may break their lows remains questionable.
AUDUSD has broken the ascending channel; NZDUSD has broken the cloud’s downside border, while USDCAD continues the correction.
USDCAD has completed the pullback towards the support level and may rebound from it, while AUDUSD is testing the ascending channel’s downside border.
Gold has broken the range downwards and reached 1320.00; right now, it is being corrected to the upside.
USDJPY is about to finish the correction, while USDCAD is still trading within the downtrend.