Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 'Shooting Star' led to decline
The 89 Moving Average has acted as resistance once again, so there's an 'Evening Star'. In this case, the market is likely going to test the nearest support at 1.1659.
The pair has been declining since the last 'Shooting Star' was formed. However, the lower 'Window' acted as support, so we're likely going to have a local upward correction in the direction of the closest resistance at 1.1790.
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.