Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
CHF/JPY reversed from resistance zone
- CHF/JPY reversed from resistance zone
- Next sell target -111.00
CHF/JPY recently reversed down from the resistance zone lying between the key resistance level 113.00 (which also reversed the price in March, as can be seen from the daily CHF/JPY chart below), resistance trendline of the daily up channel from May and the upper daily Bollinger Band. CHF/JPY is expected to fall further toward the next sell target at the next support level 111.00 (target for 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.