Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/NZD reversed from resistance zone
- EUR/NZD reversed from resistance zone
- Next sell target - 1.6600
EUR/NZD recently reversed down from the resistance zone lying between the recently broken former support trendline of the daily up channel from January (acting as resistance after it was broken recently) and the 100-day moving average. The downward reversal from this resistance zone accelerated the active minor impulse wave (c). EUR/NZD is expected to fall toward the next sell target at the next support level 1.6600 (low of wave 2 from January).
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.