Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/AUD reversed from resistance area
- GBP/AUD reversed from resistance area
- Next sell target - 1.8170
GBP/AUD recently reversed down from the resistance zone lying between the resistance level 1.8500 (former monthly high from March) and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Evening Star. GBP/AUD is expected to fall toward the next sell target at next support 1.8170 (low of the previous correction 4).
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.