Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
NZD/CHF reversed from resistance zone
- NZD/CHF reversed from resistance zone
- Next sell target - 0.6710
NZD/CHF recently reversed down from the resistance zone lying between the resistance level 0.6800 (former support from the end of May) and the 38.2% Fibonacci correction of the previous downward impulse 3 from the middle of June. The downward reversal from this resistance zone started the active minor impulse wave 5. NZD/CHF is expected to fall further toward the next sell target at the next support level 0.6710 (low of wave (b)).
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.