Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
AUD/USD: 'Double Top' led to decline
The main trend is still bearish. There was a 'Double Top' pattern, which led to the current decline, so all the Moving Averages have been broken. Also, there's a local 'V-Top' pattern, so the market is likely going to continue declining towards the next support at 0.7060 - 0.7053. If a pullback from these levels happens little later on, bulls will probably try to reach the downtrend line.
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.