Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
NZD/JPY falling inside minor impulse wave (iii)
- NZD/JPY falling inside minor impulse wave (iii)
- Next sell target - 74.70
NZD/JPY has been falling in the last few trading sessions inside the minor impulse wave (iii) – which started earlier from the resistance area lying between the key resistance level 77.500 (which has been reversing the price from May) and the upper daily Bollinger Band. NZD/JPY is expected to fall further toward the next sell target at the next support level 74.70 (low of wave (i)).
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
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.
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.