Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: 89 Moving Average acted as support
The 89 Moving Average acted as support, so the price is rising. It's likely that the upper 'Window' is going to act as resistance in the coming hours.
We've got a 'Three Methods' pattern, so the price is rising. At the same time, we could have a local bearish correction towards the nearest support, which is likely going to be a starting point for another bullish rally.
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.