Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: market to test the nearest resistance
Bears faced support at 1.2839, so the pair is consolidating. In this case, it's likely that the market is going to test the nearest resistance at 1.2930 - 1.2953. The following pullback from this area could lead to another decline in the direction of the next support at 1.2852 - 1.2830.
The market is consolidating between the levels 1.2921 - 1.2830. The main intraday target is the next support at 1.2866 - 1.2852. If a pullback from these levels happens next, bulls will probably try to reach another resistance at 1.2930 - 1.2953.
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.