Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: 'Pennant' pattern has been broken
The main trend is still bullish. Also, the 55 Moving Average is acting as support. Nevertheless, the market is likely going to test the next support at 1.4144 - 1.4119, which could be a starting point for a bullish price movement.
The last 'Pennant' pattern has been broken. So, the pair is likely going to test the closest support at 1.4144 - 1.4119 in the coming hours. Meanwhile, if a pullback from this area happens a little later on, bulls will probably try to reach the nearest resistance at 1.4230 - 1.4243.
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.