Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: no any confirmed reversal pattern so far
There's no any confirmed reversal pattern so far. Previously, we had a 'Shooting Star'. In this case, the pair is likely going to test the next support at 1.1449.
The market has been declining since a 'Harami' formed on the Moving Averages. At the same time, there's an opportunity to have a local upward correction soon. So, we should keep an eye on the nearest resistance at 1.1543 as a possible departure point for another decline.
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.