Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/AUD broke key resistance level 1.7600
- GBP/AUD broke key resistance level 1.7600
- Next buy target - 1.7800
GBP/AUD continues to rise inside the medium-term impulse wave (3), which started earlier with the daily Morning Star from the support area near the strong support level 1.7350 (which has been reversing the price from June) and the lower daily Bollinger Band. The price today broke the key resistance level 1.7600 – which should accelerate the active impulse wave (3). GBP/AUD is expected to rise further toward the next buy target at the next resistance level 1.7800.
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.