Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: 'Flag' pattern pushed price lower
There's a 'Flag' pattern, which has been broken, so the market is likely going to test the 89 Moving Average in the coming hours. A pullback from this line could be a departure point for a bullish price movement towards the next resistance at 1.3212 - 1.3225.
We've got a confirmed 'Double Top', so the price is declining. The main intraday target is the nearest support at 1.3055. If a pullback from this level happens next, we should keep an eye on the closest resistance at 1.3172 - 1.3199 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.