Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: 'Shooting Star' points to correction
There's a 'Shooting Star', so there's an opportunity to have a local downward correction. In this case, we should keep an eye on the nearest support at 112.71 as a possible departure point for another bullish rally.
We've got a bearish 'High Wave'. So, the price is likely going to test the 34 Moving Average (112.71) shortly. If this line acts as support, bulls will probably try to reach the upper 'Window' (113.53).
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.