EUR USD, “Euro vs US Dollar”
Eurodollar has reached the target of its ascending wave at level of 1.1110. We think, today, the price may start falling towards level of 1.1010, thus forming a new consolidation channel. If the channel is broken upwards, the market may reach level of 1.1182; if downwards – continue falling inside the downtrend to break level of 1.0920.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has reached the local target of target of its extension. We think, today, the price may form a correction towards level of 1.5508 (at least). After that, the market is expected to start forming another descending structure with the target at level of 1.5250.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still consolidating. If this consolidation channel is broken downwards, the market may reach level of 0.9370; if upwards – grow towards level of 0.9545. After that, the price may continue falling to reach level of 0.9350.
USD JPY, “US Dollar vs Japanese Yen”
Yen expanded its trading range downwards and by now has already returned to the level, where it was broken. We think, today, the price may fall towards level of 120.20 and then return to level of 121.55, thus forming a new consolidation channel. After the market breaks the minimum, it may continue falling inside the downtrend towards level of 119.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar formed an ascending impulse, corrected it, and then broke the top of this impulse. So, we think, today, the price may form a correction to return to level of 0.7670. After that, the market is expected to start another descending structure towards level of 0.7300.
USD RUB, “US Dollar vs Russian Ruble”
Ruble has formed a consolidation at the top of its ascending wave. If the channel is broken upwards, the market may reach level of 58.50; if downwards – start falling to test level of 55.50 from above. After that, the pair may continue growing towards the main target at level of 58.50.
XAU USD, “Gold vs US Dollar”
Gold is moving upwards. We think, today, the price may return to level of 1173. After that, the market may continue falling towards level of 1140 and then start another ascending movement to test level of 1173 from below.Publication source