Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: bullish 'Three Methods' pattern
There's a bullish 'Three Methods' pattern, so the pair is rising. The main target is the previously tested resistance at 1.1466. The subsequent pullback from this level could lead to a decline towards the nearest support at 1.1369.
The Moving Averages acted as support, which led to forming a 'Three Methods' pattern. It's likely that the pair is going to test the closest resistance at 1.1466 in the coming hours. If a pullback from this level arrives next, we could face with a local decline.
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.