Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 34 Moving Average acted as resistance
The 34 Moving Average has acted as resistance, so the price so consolidating. It's likely that the pair is going to reach the nearest resistance at 1.1627. A pullback from this level could be a departure point for a decline towards the next support at 1.1548 - 1.1526.
The market is consolidating along the Moving Averages. The main intraday target is the closest resistance at 1.1619 - 1.1634. If a pullback from this area happens next, bears will probably try to reach another support at 1.1574 - 1.1548.
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.