Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: confirmed 'V-Bottom'
There's a 'V-Bottom' pattern, which has been confirmed, so the price is likely going to test the nearest resistance at 1.2882 - 1.2921 within the next few hours. The following pullback from this area could be a starting point for another decline in the direction of the closest support at 1.2753 - 1.2728.
The 34 Moving Average has acted as resistance. Nevertheless, bulls are likely going to reach the next resistance at 1.2921 and the 89 Moving Average shortly. If a pullback from these levels happens little later on, there'll be a green light for a downward price movement towards the last low.
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.