Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 34 Moving Average acting as resistance
The 34 Moving Average is acting as resistance, so there's a 'Shooting Star', but confirmation of this pattern is weak. In this case, we should watch the nearest support at 1.1350 as a possible departure point for a bullish price movement towards 1.1447.
We've got a bearish 'Engulfing', which is about to be confirmed. So, after a short break, the pair is likely going to reach the nearest support at 1.1350. If a pullback from this level happens next, there'll be time for another upward price movement.
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.