Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/AUD reversed from support area
- GBP/AUD reversed from support area
- Next buy target - 1.8500
GBP/AUD recently reversed up with the daily Morning Star from the support area lying between the strong support level 1.8270, upper trendline of the wide daily up channel from January (acting as support after it was broken previously) and the 38.2% Fibonacci correction of the upward impulse (i) from the start of March. GBP/AUD is expected to rise toward the next buy target at next resistance level 1.8500 (monthly high from March).
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.