Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
CAD/CHF reversed from support zone
- CAD/CHF reversed from support zone
- Next buy target - 0.7630
CAD/CHF recently reversed up from the support zone lying between the key support level 0.7530 (which has been reversing the price from the start of July) and the 38.2% Fibonacci correction of the upward impulse 1 from June. The upward reversal from this support zone started the active impulse wave 3. CAD/CHF is expected to rise further toward the next buy target at the next resistance level 0.7630 (top of wave 1).
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.