Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: confirmed 'Doji Star'
There's a 'Doji Star', which has been confirmed, so it's likely that the pair is going to reach the nearest resistance at 111.63. If a pullback from this level happens next, there'll be a moment to have a decline towards 110.82.
We've got a 'Shooting Star', which has been confirmed, so the market is going to test the nearest support at 111.23 soon. This level could be a departure point for another bullish rally towards the next resistance 111.63.
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.