Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: all Moving Averages broken
All the Moving Averages have been broken. It's likely that the price is going to test the next support at 1.2844 - 1.2763. However, if a pullback from this level happens next, bulls will probably try to reach the closest resistance at 1.2880 - 1.2911.
The last 'Pennant' has been broken, so the price is likely going to reach the nearest support at 1.2844 - 1.2763. This area could be a departure point for an upward correction in the direction of another resistance at 1.2880 - 1.2911.
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.