Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: pair is consolidating
The pair is consolidating between the levels 1.3450 - 1.3344. Also, there's a 'V-Top' pattern, so the market is likely going to test the closest support at 1.3344 - 1.3380. A pullback from this area could be a departure point for another bullish rally.
There's a 'V-Top', so the pair is declining. The main intraday target is the nearest support at 1.3332 - 1.3301. If we have a pullback from these levels afterwards, there'll be an opportunity to have a bullish price movement in the direction of the next resistance at 1.3401 - 1.3419.
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.