Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: lower 'Window' acted as support
The lower 'Window' acted as support, so there's a 'Hammer'. Therefore, the pair is likely going to reach the 21 & 34 Moving Averages (111.29) shortly. These lines could be a departure point for another decline towards the lower 'Window' (110.20).
We've got a bullish 'Hammer', which has been confirmed. So, we should keep on track the 89 Moving Average as an intraday target. If a pullback from this line happens afterwards, bears will probably try to test the next support at 110.20.
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.