Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
AUD/JPY consolidates around 200-hr SMA, 83.17 in sight
AUD/JPY is looking to make a corrective move in favor of the bears, following a strong resistance found around 82.77. As of now, the pair is reaching the 200 SMA at H1 chart, which coincides with the Fibonacci area of 38.2% at 82.14 and where a rebound could happen in order to extend gains across the board. However, we cannot discard a leg lower to test the Fibonacci level of 61.85% at 81.75 and then the pair could be on its way to reach the 83.17 area, where lies a Fibonacci level of -23.6%.
RSI indicator stays in the neutral territory, calling for further sideways consolidation.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
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.
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.