Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/JPY: 'Thorn' pushing price lower
There's a bearish 'Thorn' pattern, which has been formed under the Moving Averages. Thus, the pair is likely going to achieve the nearest support at 139.42 - 138.13. If a pullback from this area forms little later on, bulls will probably try to reach the closest resistance at 141.00 - 141.72.
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.