Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: Moving Averages acted as support
There's a 'Three Methods' pattern, which has been formed on the Moving Averages. At the same time, if a pullback from the nearest resistance at 1.1421 happens little later on, bears are likely going to reach the previously tested support at 1.1306.
The Moving Averages acted as support, so there's a 'Three Methods' pattern. Meanwhile, a pullback from 1.1421 could be a starting point for another decline, so we should watch the next support at 1.1308 as a possible bearish intraday 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.