Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: bullish 'Thorn' pattern
The market has plunged because of the last 'Double Top' pattern. At the same time, there's a bullish 'Thorn', so we're likely going to have an upward correction shortly. In this case, we should watch the nearest resistance at 1.2634 - 1.2658 as an intraday target.
The last decline finished by a 'V-Bottom', so the price is moving up. It's likely that the pair is going to reach the previously tested resistance at 1.2634 - 1.2658. The subsequent pullback from this area could lead to a decline towards the closest support at 1.2570 - 1.2529.
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.