Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Shooting star of NZD/JPY?
On the daily chart of NZD/JPY, on Monday, July 22, the pair formed a shooting star candlestick. It may be a signal of the short-term reversal.
If the pair breaks below 72.63, we should expect a further decline to 72.34. The signal of the candlestick will not be confirmed if the pair stays above 72.63 and bulls gain force. In this case, we can anticipate a continuation of the movement up. The first resistance is located at 73.14. A break above this level will lead NZD/JPY to 73.45.
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.