Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: 'V-Top' led to decline
The pair has been declining since the last 'V-Top' formed. The main intraday target is the closest support at 1.3300 - 1.3266. A pullback from this area could be a starting point for a bullish correction.
There's a 'Thorn' pattern, so the market is likely going to test the 34 Moving Average. If a pullback from this line happens little later on, there'll be a moment to have a decline towards another support at 1.3292 - 1.3266.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
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.
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.