Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: 'Double Top' pushing the price lower
The pair has been declining since the last 'Double Top' pattern formed. The main intraday target is the next support at 1.2910 - 1.2854. If a pullback from this area happens next, there'll be a moment for an upward correction towards the nearest resistance at 1.2946 - 1.2957.
The last 'Flag' pushed the pair lower. Also, there's a finished 'Pennant' pattern, so we should watch the closest support at 1.2889 - 1.2854 as a possible departure point for an upward correction.
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.