Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: 'Flag' pattern
The price is consolidating between the 34 & 55 Moving Averages. Also, there's a 'Flag' pattern, so the pair is likely going to test the closest support at 1.3982 - 1.3228. Meanwhile, if a pullback from this area forms little later on, there'll be a moment for an upward price movement in the direction of the next resistance at 1.4096 - 1.4144.
There's a consolidation, which is taking place between the levels 1.4010 - 1.4096. It's likely that the pair is going to test the nearest resistance at 1.4069 - 1.4096. A pullback from these levels could be a starting point for a bearish price movement towards another support at 1.4027 - 1.4010.
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.