Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
AUD/USD: price consolidating under Moving Averages
Information is not investment advice
The market has been consolidating under the Moving Averages since the last 'V-Bottom' formed. Meanwhile, there's a bearish 'Thorn', so the price is likely going to reach the nearest support at 0.6947 in the near future. The subsequent pullback from this level could be a starting point for an upward correction towards the closest resistance between the levels 0.7014 - 0.7024.
Technical analysis of the USD/CAD
Technical analysis of USD/CHF
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!
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.