Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: bearish 'Thorn' pattern
There's a bearish 'Thorn' pattern, so the market is likely going to test the next support area at 1.2913 - 1.2896. However, if a pullback from these levels happens next, there'll be a moment to have an upward correction in the direction of the nearest resistance at 1.2969 - 1.2999.
Bulls have been stopped by the trendline, so we've got a 'V-Top' pattern. The main intraday target is the closest support at 1.2913 - 1.2896. A pullback from this area could lead to a bullish correction to the nearby resistance at 1.2968 - 1.2999.
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.