Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: another 'V-Top' pattern
There's another 'V-Top' pattern, so the price is declining. The main intraday target is the next support at 1.2723 - 1.2695. The subsequent pullback from this area could lead to an upward correction towards the closest resistance at 1.2784 - 1.2826.
The last 'Flag' pattern has been broken, so there's a new local low. It's likely that the pair is going to test the nearest support at 1.2723 - 1.2711 shortly. Meanwhile, if a pullback from these levels forms next, there'll be a moment to have a bullish correction in the direction of 1.2784 - 1.2804.
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.