Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: bearish 'Three Methods'
There's a bearish 'Three Methods', so the market is likely going to test the next support at 1.1287. At the same time, if a pullback from this level happens little later on, bulls will probably try to achieve the previously tested resistance at 1.1362.
We've got bullish patterns such a 'Doji' and an 'Inverted Hammer', so the upper 'Window' is likely going to act as resistance. Even so, we should keep watching the nearest support at 1.1283 as another bearish target.
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.