Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: bears to test the nearest support
There's a local 'V-Top' pattern, so the market is likely going to test the nearest support at 1.3203 - 1.3177. If a pullback from this area happens little later on, there'll be a moment for another bullish rally.
We've got a bullish 'Thorn' pattern, so it's time for an upward correction. Meanwhile, if a pullback from the closest resistance at 1.3253 - 1.3272 forms next, bears will probably try to achieve the next support at 1.3203 - 1.3177.
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.