Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GOLD: confirmed 'Dark Cloud' pattern
There's a 'Dark Cloud' pattern, which has been confirmed, so the price is declining. It's likely that the market is going to reach the closest support at 1262.05. This level could be a starting point for a local upward correction towards the previously tested 'Window' (1281.18). At the same time, if we have a pullback from this level, bears will probably try to achieve the next support at 1240.71.
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.