Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: market is still consolidating
The market is still consolidating. It's likely that the pair is going to achieve the next support at 1.3493 - 1.3457 in the coming hours. However, if we see a pullback from these levels, there'll be a moment to have an upward correction in the direction of the nearest resistance at 1.3549 - 1.3612.
There's a consolidation, which is taking place under the Moving Averages. The main intraday target is the closest support at 1.3493 - 1.3457. Meanwhile, a pullback from this area could be a starting point for a bullish price movement towards the 55 Moving Average.
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.