Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EURGBP got a boost
Information is not investment advice
On H1 of EURGBP, the pair has been moving up. RSI indicator is near the overbought area but hasn't crossed it yet. Additionally, on H4, RSI hasn't reached the overbought territory. It signals a possible continuation of the rise. We can anticipate an upward movement at the level of 0.9149. The targets are placed at 0.9165 and 0.9178.
If the pair moves down, the fall will be confirmed at 0.9127.
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.