Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: bearish 'High Wave'
There's a bearish 'High Wave', which has been confirmed. So, the 55 & 89 Moving Averages are likely going to act as support soon. A pullback from these lines could be a starting point for another bullish rally.
We've got a bearish 'Tweezers', so the price is likely going to reach the 89 Moving Average. If a pullback from this line forms little later on, there'll be time for a local upward correction.
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.