Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 'Thorn' pattern
There's a 'Thorn' pattern, so the pair is rising. However, there's an opportunity to have a local bearish correction in the coming hours. So, we should keep an eye on the nearest support at 1.1599 as a possible departure point for another bullish price movement.
We've got a local 'V-Top', so it's time for a downward correction. The main intraday target is the closest support at 1.1599. If a pullback from this level forms next, we're likely going to have an advance towards the next resistance at 1.1679 - 1.1701.
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.