Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
AUD/USD: 'V-Bottom' pushing price higher
There's a 'V-Top' pattern, so the pair is declining. Meanwhile, we've got a 'V-Bottom', which has been formed right under the Moving Averages. Previously, we had a 'Head & Shoulders' pattern, so it's likely that the market is going to achieve the previously tested resistance at 0.7163. If a pullback from this level happens next, bears will probably try to deliver a downward correction in the direction of the Moving Averages.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
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.
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.