Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: pair declining since 'Double Top' formed
There's a 'Double Top', which has been confirmed enough. In this case, we should keep an eye on the nearest support at 1.3177 - 1.3143 as an intraday target. Meanwhile, if we see a pullback from this area next, there'll be time for an upward price movement in the direction of the next resistance at 1.3203 - 1.3220.
The pair has been declining since the last 'Double Top' was formed. It's likely that the market is going to achieve the previously tested support at 1.3161 - 1.3143. This area could be a starting point for a bullish price movement towards the closest resistance at 1.3192 - 1.3203.
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.