Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD broke key support level 1.0950
- GBP/USD broke key support level 1.0950
- Next sell target - 1.2800
GBP/USD continues to fall after the recent breakout of the key support level 1.0950 (which has reversed the price multiple times from the middle of September, as can be seen from the daily GBP/USD chart below). The breakout of the support level 1.0950 accelerated the active short-term impulse wave 3 of the medium-term impulse (3) from the start of June. GBP/USD is expected to fall further toward the next sell target at the next support level 1.2800 (target price for the completion of the active impulse wave 3).
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.