Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/CHF rising inside corrective wave (2)
- GBP/CHF rising inside corrective wave (2)
- Next buy target - 1.3470
GBP/CHF continues to rise inside the intermediate corrective wave (2), which earlier broke through the pivotal resistance level 1.3230 (which stopped the previous minor correction 2 at the start of February, as can be seen below). The breakout of the resistance level 1.3230 accelerated the active corrective wave (2). GBP/CHF is expected to rise further toward the next buy target at next resistance level 1.3470 (which has been reversing the price from December).
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.