Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
NZD/USD seems to have found a bottom
NZD/USD is being offered below the 200 SMA at H1 chart and looks forward to break below the Fibonacci level of 65% at 0.6892. With that move, we can expect further weakness to test the lows from May 16th at 0.6848. If the pair manages to make a rebound at the current stage, then we can expect an advance to test the Fibonacci area of -23.6% at 0.7001. However, the US dollar’s strength should cap gains in the near term.
RSI indicator stays in the oversold territory.
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.