Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: "Tweezers" led to decline
There're bearish patterns such an "Evening Star" and a "Shooting Star". Therefore, the market is going to test the 144 Moving Average, which could be a departure point for an upward price movement.
The last "Tweezers" led to the current decline. There's no any reversal pattern so far, which means the pair is likely going to decline towards the lower "Window".
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.