Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: 'V-Top' pattern pushed price lower
All the Moving Averages have been broken. Previously, we had a 'V-Top' pattern. If a pullback from the nearest support 1.3070 happens next, we're going to have an upward correction towards the 34 Moving Average.
The pair is consolidating. It's likely that the market is going to test the next support at 1.3089 - 1.3070. However, a pullback from this area could be a starting point for a correction in the direction of the nearest resistance at 1.3157 - 1.3189.
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.