Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/AUD broke resistance level 1.6000
- EUR/AUD broke resistance level 1.6000
- Next buy target 1.6200
EUR/AUD continues to rise after the earlier breakout of the round resistance level 1.6000 (which stopped the previous minor impulse wave (iii) and which was set as the buy target in our earlier forecast for this currency pair). The breakout of resistance level 1.6000 accelerated the active impulse waves 3 and (v). EUR/AUD is expected to rise further toward the next buy target at the next resistance level 1.6200.
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.