Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: 'V-Bottom' pattern
There's a 'V-Bottom', so the price is consolidating. The main intraday target is the next support at 1.2695 - 1.2684. The following pullback from this area could lead to a bullish correction to 1.2784 - 1.2826.
The market is consolidating under the Moving Averages. It's likely that the pair is going to test the nearest support at 1.2695 - 1.2684 in the coming hours. Meanwhile, if a pullback from these levels forms little later on, there'll be a moment for an upward price movement to 1.2755.
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.