Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/CHF reversed from resistance area
- USD/CHF reversed from resistance area
- Next sell target - 0.9450
USD/CHF recently reversed down from the resistance area lying between the key resistance level 0.9560 (former support level from January which also reversed the previous intermediate impulse wave (A) earlier this month, as can be seen below), 50% Fibonacci retracement of the downward impulse from December and the upper daily Bollinger Band. USD/CHF is expected to fall further toward the next sell target at next support level 0.9450 (low of the previous wave (B)).
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.