Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GOLD: 'Shooting Star' led to decline
The last 'Shooting Star' led to the current decline. However, there's a 'Doji', which has been formed above the lower 'Window'. Thus, it's likely to have a local upward correction towards the previously tested resistance at 1309.58. If a pullback from this level happens next, there'll be a moment to have another decline in the direction of the nearest important support at 1259.97.
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.