Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/CAD: 'Evening Star' pattern
Information is not investment advice
There's an 'Evening Star' pattern, which has been strongly confirmed. It's likely that the pair is going to test the nearest support at 1.3259 and the 55 Moving Average. The subsequent pullback from these levels could be a departure point for another bullish rally towards the next resistance at 1.3531.
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.