Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: price to test the next resistance
The pair is consolidating between the levels 1.2882 - 1.2784. It's likely that the price is going to test the next resistance at 1.2950 - 1.2953 in the coming hours. If a pullback from this area happens next, bears will probably try to reach the previously tested support at 1.2753 - 1.2728.
The 55 Moving Average has acted as resistance, so the market is consolidating. The main intraday target is the next resistance at 1.2950 - 1.2953. Also, if we have a pullback from these levels little later on, there'll be a moment for a decline in the direction of another support at 1.2753 - 1.2728.
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.