Forex Technical Analysis 02.06.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

June 2, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is consolidating. Possibly, today the price may reach the channel’s lower border at level of 1.1018. Later, in our opinion, the market may break it downwards and continue falling towards level of 1.0801. After that, the pair may return to level of 1.0900 and then continue moving inside the downtrend toward level of 1.0500.
 

GBP USD, “Great Britain Pound vs US Dollar”

Pound continues moving downwards. The main target of this descending wave at level of 1.4400. We think, today, the price may reach level of 1.5120 and complete the first wave or maybe extend it up to level of 1.4950.

USD CHF, “US Dollar vs Swiss Franc”

Franc is moving inside its consolidation channel. We think, today, the price may grow to reach level of 0.9500 and then return to level of 0.9430. Later, in our opinion, the market may start another ascending movement with the target at level of 0.9745.

USD JPY, “US Dollar vs Japanese Yen”

Yen has broken its another consolidation channel upwards and may continue growing towards level of 125.83. We think, today, the price may test level of 124.45 and then continue growing towards the main target.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has broken its descending channel and today may return to level of 0.7781. This structure may be considered as a correction. Later, in our opinion, the market may continue falling towards level of 0.7500.

USD RUB, “US Dollar vs Russian Ruble”

Ruble has broken level of 52.30 upwards and continues forming its consolidating channel. We think, today, the price may continue growing towards the target of the third wave at level of 55.50. However, according to an alternative scenario, the market may yet return to level of 49.50. After that, the pair is expected to continue growing.

XAU USD, “Gold vs US Dollar”

After forming an ascending impulse, Gold has returned to its consolidation channel. We think, today, the price may reach continue falling towards level of 1163. Later, in our opinion, the market may return to level of 1175 and then continue falling to reach level of 1113.

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