Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: consolidation under Moving Averages
There's a 'V-Top', so the price is consolidating under the Moving Averages. It's likely that the pair is going to test the nearest support at 1.2852 - 1.2826 in the coming hours. The subsequent pullback from this area could be a starting point for a bullish price movement towards the next resistance at 1.2930 - 1.2957.
The last 'Triple Top' pushed the pair higher. However, we've got a 'V-Top', so the market is likely going to achieve the closest support at 1.2826. Meanwhile, if a pullback from this level happens little later on, we should watch another resistance at 1.2934 - 1.2964 as an intraday target.
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.