Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: Moving Averages acted as resistance
All the Moving Averages have acted as resistance, so the price is declining. The main intraday target is the lower 'Window' (110.20). If a pullback from this level happens next, we're going to have a bullish correction.
There's a bullish 'Tower', but confirmation of this pattern isn't enough. So, the closest 'Window' (110.76) is going to act as support once again. If so, we should keep an eye on the 34 Moving Average as an intraday target.
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.