Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GOLD: 'V-Bottom' pattern
The last 'V-Bottom' pattern pushed the price higher. However, the Moving Averages have acted as resistance, so there's a green light for a local decline. In this case, we should watch the closest support at 1279.32 - 1276.96 as a potential bearish target. The subsequent pullback from this level could lead to another bullish price movement towards 1286.15 - 1295.25.
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.