Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: market to test the closest support
The 89 Moving Average has acted as support, so there's a 'Tweezers' pattern. In this case, the pair is likely going to test the nearest resistance area, which could be a departure point for another decline.
There's a bearish 'Tower' pattern, so the market is likely going to test the closest support. Meanwhile, if a pullback from this area happens, bulls will probably try to deliver a new local high.
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.