Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: no any reversal pattern so far
There's a 'High Wave', which led to the current decline. Meanwhile, it's likely to have a local correction towards the closest resistance at 1.1663. A pullback from this level could be a starting point for a decline towards the next support at 1.1530.
There's no any reversal pattern so far, so the price is likely going to test the lower 'Window'. A pullback from this level could lead to an upward correction towards the closest resistance at 1.1663.
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.