Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
CHF/JPY broke resistance zone
- CHF/JPY broke resistance zone
- Next buy target - 112.30
CHF/JPY recently broke the resistance zone lying at the intersection of the resistance trendline of the daily down channel from March and the resistance level 111.50 (top of the previous minor correction (iv)). The breakout of this resistance zone accelerated the active corrective wave 2. CHF/JPY is expected to rise further toward the next buy target at the next resistance level 112.30 (top of wave (2) and the target for the completion 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
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.