Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: 'High Wave' pattern
The price has been rising since a 'High Wave' pattern formed at the last low. However, if the 89 Moving Average acts as resistance, there'll be a moment for another decline.
The last 'Harami' pattern led to the current upward price movement. If any reversal pattern forms in the coming hours, there'll be an opportunity to have a bearish correction. Nevertheless, the pair is likely going to test the upper 'Window' afterwards.
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.