Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: price reached the lower 'Window'
The price has reached the lower 'Window', but there's no any reversal pattern so far. So, the market is likely going to test the next support at 109.92. A pullback from this level could be a starting point for a bullish correction towards the nearest resistance at 110.61.
There's a local bearish 'Shooting Star', but confirmation of this pattern is quite weak. In this case, the pair is likely going to test the closest resistance at 110.39 once again. If a pullback from this level happens next, there'll be a moment to have a decline.
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.