Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/CAD rising inside the minor impulse wave (iii)
- USD/CAD rising inside the minor impulse wave (iii)
- Next buy target - 1.3130
USD/CAD has been rising in the last few trading sessions inside the minor impulse wave (iii), which started earlier from the support zone lying between the key support level 1.2760 and the lower daily Bollinger Band. The active impulse wave (iii) belongs to the impulse 3 of the medium-term upward impulse (3) from April. USD/CAD is expected to rise further toward the next buy target at the next resistance level 1.3130 (high of the previous impulse wave (1)).
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.