Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: market is consolidating
The market is consolidating between the levels 1.1745 - 1.1654. The main intraday target is the next resistance at 1.1757 - 1.1790. A pullback from this area could be a departure point for a bearish correction.
The price is rising because of the last 'V-Bottom'. Meanwhile, there's also an opportunity to have a bearish correction during the day. So, we should keep an eye on the closest support at 1.1679 - 1.1661 as a local target.
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.