Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: bearish 'Engulfing' led to consolidation
The market has been consolidating since the last bearish 'Engulfing' formed. So, it's likely that the pair is going to test the nearest support at 1.1737, which could be a starting point for a bullish price movement towards the next resistance at 1.1836.
The 34 Moving Average is acting as support, but we've got a 'Shooting Star' pattern. In this case, the market is likely going to achieve the closest support at 1.1737. If a pullback from this level happens little later on, there'll be a green light for a bullish rally.
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.