Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
AUD/CHF reversed from resistance zone
- AUD/CHF reversed from resistance zone
- Next sell target - 0.7280
AUD/CHF recently reversed down with the daily Bearish Engulfing from the combined resistance zone lying between the key resistance level 0.7400 (former strong support from the end of May), 38.2% Fibonacci correction of the previous downward impulse 1 and the upper daily Bollinger Band. AUD/CHF is expected to fall further toward the next sell target at the next support level 0.7280 (low of the previous impulse wave 1).
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.