After speculative decline supported by fundamental factors, EURUSD returned to the level of 1.1200. Today a corrective upward movement is possible to the levels of 1.1243 and 1.1280. In case of continued downward movement, possible targets will be 1.1180, 1.1155 and 1.1125.
GBPUSD showed high volatility in decline movement to the level of 1.2500. Now the pair has found balance near the level of 1.2540. In case of breaking the level of 1.2500 down, a continuation of downtrend is possible to the levels of 1.2450 and 1.2400. In case of corrective upward movement, the possible targets will be 1.2575 and 1.2640.
USDCHF reached the footing level of 0.9545 and retreated 100 pips down to the level of 0.9445. Today the pair may decline to the levels of 0.9400 and 0.9375. In case of resumption of growth, the possible targets would be the levels of 0.9495 and 0.9544.
The Japanese yen has not yet been able to break through the level of 106.00, but shows intentions to do it today, although it is more possible to move down to the levels of 105.00 and 104.70. In case of breaking the level of 106.00 upwards, the following targets may be 106.30 and 106.90.
AUDUSD is consolidating above the level of 0.6300. In case of breaking through this level down, probable targets will be the levels of 0.6272, 0.6240 and yesterday’s low at 0.6210. In case of an upward correction, the targets will be the levels of 0.6335 and 0.6380.
USDRUB took a new height at 75.50, but later rolled back to 74.75. Today growth is not expected to continue. More likely targets for today are levels 74.00 and 72.70.
USDCAD has come close to the level of 1.4000 and is now accumulating potential for further growth near the level of 1.3900. Level 1.4000 is psychologically important, therefore it will not be easy to overcome it. The nearest growth targets are 1.3945 and 1.3980. In case of a downward correction, possible targets will be the levels of 1.3850 and 1.3820.
Gold was corrected up to the level of 1585.00 after a sharp decline to the monthly minimum at 1550.00. Today it is possible to continue to decline to the level of 1563.00 and a new attempt to break through 1550.00. If the correction continues upward, the target levels may be 1600.00 and 1611.00.
Brent continues to test the lower levels. Below 32.00 the instrument has not yet been able to pass and today’s targets are at levels 33.50 and 34.00. In case of breaking through the level of 32.00 down, the following targets may be the levels of 31.00 and 30.00.
BTCUSD in one day lost half of its value and collapsed to the level of a year ago, after which it was adjusted to the psychologically comfortable level of 5000.00. Most likely, today the market will not demonstrate high Bitcoin volatility. The upper possible target is 5370.00. The lower possible target is 4750.00.
Forecasts should not be considered as guidance for trading.