Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: price going to test next resistance
Bulls found resistance at 1.3996. Nevertheless, the market is likely going to test the next resistance at 1.4069 in the coming hours. This level could be a starting point for a downward correction towards the nearest support at 1.3928.
There's a "V-Top" pattern, which has been confirmed. Therefore, bears are likely going to test the closest support at 1.3928 - 1.3911 soon. Meanwhile, if a pullback from this area happens afterwards, bulls will probably try to reach another resistance at 1.3996 - 1.4023.
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.