Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
CAD/CHF reversed from resistance zone
- CAD/CHF reversed from resistance zone
- Next sell target - 0.7530
CAD/CHF recently reversed down from the resistance zone lying between the strong resistance level 0.7630 (which has been steadily reversing the price from the start of June), upper daily Bollinger Band and 50% Fibonacci correction of the downward correction (2) from May. CAD/CHF is expected to fall further toward the next sell target at the next support level 0.7530 (low of 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
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.