Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: 'Harami' and 'Hammer' patterns
The last bullish 'Harami' and 'Hammer' patterns have been confirmed, so the price is rising. The main intraday target is the upper 'Window' (109.80). A pullback from this level could be a starting point for another decline.
There's a bullish 'Three Methods' pattern, which pushed the price higher. It's likely that after a short break, the market is going to reach the next resistance at 109.59.
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.