Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: local 'V-Top' led to decline
There's a local 'V-Top', so the price is declining. However, the Moving Averages acted as support, so we should keep an eye on the next resistance at 1.1750 - 1.1767 as an intraday target.
We've got a 'V-Bottom', so the last downward correction might have finished. In this case, the pair is likely going to reach the closest significant resistance at 1.1744 - 1.1750.
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.