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
The main trend is still bullish. Also, there's a 'Double Bottom' pattern, which has been confirmed. Therefore, bulls are likely going to test the next resistance area at 1.4144 - 1.4199 in the short term. A pullback from these levels could be a starting point for a decline towards the closest support at 1.4069 - 1.4027.
All the Moving Averages have been broken, so the price is consolidating. It's likely that the market is going to test the Moving Averages during the day. Meanwhile, if we see a pullback from these lines, there'll be an opportunity to have an upward price movement in the direction of the nearest resistance at 1.4144 - 1.4171.
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.