Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: price to test nearest resistance
There's a bullish 'High Wave' pattern, which hasn't been confirmed yet. However, it's likely to have an upward correction, so we should watch the nearest resistance at 1.1221 by the last 'Three Methods' pattern. The subsequent pullback from this level could be a starting point for another decline in the direction of the next support at 1.1011.
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.