Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/CHF rising inside minor impulse wave 3
- GBP/CHF rising inside minor impulse wave 3
- Next buy target - 1.3800
GBP/CHF has been rising sharply in the last few trading sessions inside the minor impulse wave 3, which belongs to the intermediate impulse wave (C) of the primary ABC correction ② from the start of March. The price earlier broke through the major resistance level 1.3470 – which strengthened the bullish pressure on this currency pair. GBP/CHF is expected to rise toward the next buy target at next resistance level 1.3800 (target for completion of impulse wave (C)).
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.