Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
AUD/NZD broke daily up channel
- AUD/NZD broke daily up channel
- Next sell target 1.0650
AUD/NZD continues to fall inside the minor correction 2, which previously broke the support trendline of the daily up channel from the middle of April. The breakout of this up channel should accelerated the active wave 2 – which started earlier from the resistance area lying between the resistance level 1.0950 and the resistance trendline of the daily up channel from April. AUD/NZD is expected to fall further toward the next sell target at the next support level 1.0650.
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.