Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/AUD broke multi-month resistance level 1.7900
- GBP/AUD broke multi-month resistance level 1.7900
- Next buy target - 1.8400
GBP/AUD Has been rising sharply in the last 2 trading sessions - following the earlier breakout of the powerful, multi-month resistance level 1.7900 (which has been repeatedly reversing the price from the end of November, as can be seen below). The breakout of the resistance level 1.7900 accelerated the active impulse waves (iii) and 3. GBP/AUD is expected to rise toward the next buy target at next resistance level 1.8400.
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.