Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: 'V-Top' pattern points to decline
There's a 'V-Top' pattern, so the pair is likely going to achieve the closest support at 1.3089 - 1.3047 in the coming hours. Nevertheless, if we have a pullback from these levels, bulls will probably try to reach the next resistance at 1.3181.
Bulls have been stopped by the last 'V-Top' pattern, so it's time for a downward correction. The main intraday target is the nearest support at 1.3047 - 1.3032. This area could be a departure point for another upward price movement towards 1.3149 - 1.3181.
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.