Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
NZD/USD broke support level 0.7080
- NZD/USD broke support level 0.7080
- Next sell target - 0.7000
NZD/USD recently broke the support level - 0.7080 (which reversed the price at the start of January, as can be seen below). The breakout of the support level follows the earlier breakout of the 50% Fibonacci correction of the sharp upward impulse from last November. NZD/USD is expected to fall toward the next sell target at next round support level 0.7000 (target price for the completion of the active impulse wave C).
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.