Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: bullish 'High Wave'
We've got a bullish 'High Wave', but confirmation of this pattern is quite weak. So, the price is likely going to test the nearest resistance at 1.1437, which could be a departure point for another decline towards the next support at 1.1336.
The lower 'Window' has acted as support, so an upward correction is taking place. The main intraday target is the 34 Moving Average. If a pullback from this line happens little later on, bears will probably try to achieve the closest support at 1.1336.
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.