EUR USD, “Euro vs US Dollar”
Eurodollar is falling to break the ascending channel downwards at 1.1330. The predicted downside target is at 1.1170. The closest target is at 1.1242. After that, the instrument may return to the broken ascending channel and then start another descending movement to reach the above-mentioned predicted target (at least).
GBP USD, “Great Britain Pound vs US Dollar”
Pound has rebounded from the center of the consolidation channel and returned to the lower border. We think, today, the price may break the border and the ascending channel as well. The downside target is at 1.5320. After that, the instrument may return to the broken ascending channel at 1.5410.
USD CHF, “US Dollar vs Swiss Franc”
Franc has broken its descending channel. The predicted upside target is at 0.9660. After that, the instrument may return to the broken descending channel at 0.9570 and then continue moving upwards to reach 0.9870.
USD JPY, “US Dollar vs Japanese Yen”
Yen is rebounding from 120.00. The downside target is at 119.10. After that, the instrument may return to 119.50 to test it from below and then continue falling inside the downtrend to reach 117.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has formed another descending structure, which may be considered as a half of the third structure of the correction. We think, the price may consolidate at the current lows and try to grow towards 0.7270. After that, the instrument may continue falling to reach the local target at 0.7150.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still moving in the center of its consolidation channel. We think, today, the price may continue falling towards the channel’s lower border. After breaking it, the instrument may reach the local target at 60.00.
XAU USD, “Gold vs US Dollar”
Gold has expanded its trading range downwards and is trying to break the ascending channel. The main scenario implies that the price may form another structure to reach 1155.Publication source