Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
CAD/JPY broke strong support level 81.30
- CAD/JPY broke strong support level 81.30
- Next sell target - 80.00
CAD/JPY recently broke through the strong support level 81.30 (previous sell target, which stopped the previous waves (ii) and (i), as can be seen from the daily CAD/JPY chart below). The breakout of the support level 81.30 continues the sharp daily downtrend from the start of January. CAD/JPY is expected to fall toward the next sell target at next round support level 80.00 (forecast price for the termination of the active impulse waves 5 and (C)).
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.