Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GOLD: price to test Moving Averages
There's a bearish 'Harami', which led to the current decline. Also, we've got an 'Inverted Hammer', but this pattern remains unconfirmed. Thus, we should watch the Moving Averages as a potential target for the current correction. The subsequent pullback from these lines could lead to another bullish rally towards the upper 'Window' (1307.72).
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
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.
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.