Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
AUD/USD reversed from support area
- AUD/USD reversed from support area
- Next buy target - 0.7500
AUD/USD recently reversed up sharply from the support area lying between the key support level 0.7350 (which also reversed the price sharply in the middle of 2017) and the lower weekly Bollinger Band. Given the strength of this support area and the clear bullish divergence on the weekly Stochastic indictor, AUD/USD is expected to rise further toward the next buy target at the next resistance level 0.7500.
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.