Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: main trend is still bullish
The main trend is still bullish, but the market is consolidating. However, considering the last 'Pennant' pattern, the pair is likely going to test the next resistance area at 1.4217 - 1.4243.
There's a 'Pennant' pattern, which upper side has been broken. So, there's an open door for a bullish price movement in the direction of the nearest resistance at 1.4199 - 1.4217.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
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.
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.