Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: bullish 'Engulfing'
There's a bullish 'Engulfing', so the price is rising. It's likely that the pair is going to test the 34 or 55 Moving Average shortly. A pullback from one of these lines could be a departure point for another decline.
We've got a local 'Shooting Star', so there's a green light for a local decline. However, if a pullback from the closest support at 110.93 happens next, bulls will probably try to reach the next resistance at 111.34.
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.