Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: local bullish 'Engulfing'
There's a local bullish 'Engulfing', which has been formed at the last local high. So, the market is likely going to test the next resistance at 1.1836, which could be a starting point for a bearish correction.
The 55 Moving Average has acted as support once again, so we've got a 'Hammer' pattern on this line. In this case, after a short break, bulls are going to deliver a new local high.
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.