Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: time for local bearish correction
The last 'Shooting Star' hasn't been confirmed yet, so we could have just a local bearish correction. If we have another pullback from the closest resistance at 110.99, there'll be a moment for a decline.
There's a confirmed bearish 'Engulfing', so there's an opportunity to have a downward correction. The main intraday target is the next support at 110.55. A pullback from this level could be a departure point for a bullish rally.
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.