Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
AUD/USD: 'V-Bottom' pattern
Information is not investment advice
The main trend is still bearish. Currently, the market is under the Moving Averages, but there's a 'V-Bottom' pattern. Thus, it's likely that the pair is going to touch the previously tested resistance at 0.7131. If a pullback from this level happens next, there'll be a green light for another decline in the direction of the nearest important support at 0.7069 - 0.7063.
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.