Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GOLD: price consolidating along 'Window'
Information is not investment advice
The market is still consolidating along the 'Window'. There's a bearish 'Tower' pattern, which hasn't been confirmed yet. Thus, we should watch the nearest support at 1263.60 as a potential target. The subsequent pullback from this level could lead to a local upward correction towards the 'Window" (1241.73).
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.