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
There's a bullish 'High Wave', which has been formed on the 144 Moving Average. So, the pair is likely going to test the closest resistance at 109.66. This level could be a departure point for a decline towards the next support at 109.24.
The lower 'Window' has acted as support, so we've got a 'Hammer' pattern. In this case, we should keep an eye on the nearest resistance at 109.66 as an intraday target. Meanwhile, if a pullback from this level forms next, bears will probably try to achieve another support at 109.24.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.