Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: consolidation under Moving Averages
There's a 'V-Bottom', so the pair is consolidating under the Moving Averages. It's likely that the market is going to test the next support at 1.1574 - 1.1543 soon. A pullback from this area could be a departure point for a bullish price movement towards the closest resistance at 1.1649 - 1.1673.
The market is consolidating between the levels 1.1679 - 1.1630. It's likely that there's a 'Double Top'. In this case, the price is going to achieve another support at 1.1574 - 1.1565. If a pullback from these levels happens next, bulls will probably try to reach the nearest resistance at 1.1661 - 1.1679.
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.