Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: lower 'Window' acted as support
There's an 'Inverted Hammer', which has been confirmed. So, the market is likely going to test the nearest resistance area, which could be a departure point for another decline.
The lower 'Window' acted as support, so there's a developing upward correction. Also, we've got a bullish 'Three Methods' pattern, so the pair is likely going to reach the closest resistance area in the coming hours.
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.