Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 'Flag' pattern
The main trend is still bearish. Also, there's a 'Flag' pattern, so the market is likely going to test the nearest support at 1.1762 - 1.1717. A pullback from this area could be a departure point for an upward correction.
We've got a bearish 'Flag' pattern, which is likely finished. So, the market is going to reach the next support at 1.1751 - 1.1717 in the coming hours. Meanwhile, if a pullback from this area happens little later on, there'll be a moment for a bullish 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.