Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
AUD/NZD reversed from resistance zone
- AUD/NZD reversed from resistance zone
- Next sell target - 1.0800
AUD/NZD recently reversed down from the resistance zone lying between the strong resistance level 1.0950 (top of wave (A) from May), upper daily Bollinger Band and lower trendline of the recently broken up channel from April (acting as resistance after it was broken). The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star. AUD/NZD is expected to fall further toward the next sell target at the next support level 1.0800 (target for the completion of the active wave 2).
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.