Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
NZD/CAD reversed from resistance zone
- NZD/CAD reversed from resistance zone
- Next sell target - 0.9075
NZD/CAD continues to fall after the earlier downward reversal from the resistance zone lying at the intersection of resistance level 0.9200 (former support from February), upper daily Bollinger Ban and the 61.8% Fibonacci correction of the previous ABC correction (2) from the middle of March. NZD/CAD is expected to fall further toward the next sell target at the next support level 0.9075 (low of the previous wave 2).
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.