Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: two 'V-Bottom' patterns in a row
The pair is consolidating under the local downtrend line. The main intraday target is the next support at 1.3493 - 1.3457. If we have a pullback from this area, bulls will probably try to deliver an upward correction.
There're two 'V-Bottom' patterns in a row, so the market is likely going to test the 55 Moving Average in the coming hours. If this line acts as resistance, there'll be a moment to have another decline.
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.