EURUSD showed the general mood in the eurozone – fundamental factors led to a sharp decline of the pair to the level of 1.0955. Today a correction up is possible to the levels of 1.1070 and 1.1100. If the downtrend continues, the possible targets will be levels 1.0955 and 1.0880.
GBPUSD also did not remain indifferent to investors’ concerns, which led to a decrease of the pair to 3-year lows at 1.2000. Today an upward correction is also expected to levels 1.2165 and 1.2200. In case of continue to move down, the possible targets would be levels 1.2050, 1.2000 and further – 1.1960.
Following the other European currencies, the Swiss franc lost its positions – the USDCHF pair showed growth to the level of 0.9650. Today the pair is expected to correct down to the levels of 0.9545 and 0.9495. In case of further development of negative European expectations, the target levels at the top may be 0.9600 and 0.9655.
USDJPY again returned to the footing level of 106.92. In case of breaking through this level down, target levels for today can become 106.60 and 106.30. In case of resumption of the upward movement, the targets will be the levels 107.35 and 107.80.
AUDUSD reached lower target levels and stopped only at 0.5960, updating 12-year lows. Today the pair demonstrates its intention to slightly correct upwards to 0.6092, but the level of 0.6025 is still holding back the growth. If the decline continues, the targets may be 0.5960 and 0.5925.
USDRUB has all the prerequisites to overcome the level of 75.50 today and reach 76.30. The highest possible limit for today may be 77.15, the market is ready for this. Possible lower footing levels for today are expected at 75.00 and 73.90.
USDCAD has updated 4-year highs, reaching 1.4275. Now the pair is consolidating in a wide range between the levels of 1.4180 and 1.4275. Most often, after such significant movements, currency pairs are traded in a channel for several days, so today movement is possible within this range. In case of exit from the channel, the target below may be the level of 1.4135, and the target above – the level of 1.4350.
Gold is trading above the level of 1510.00 and demonstrates its intention to decline to the levels of 1485.00 and 1467.50. If yesterday’s growth continues, the target levels may be 1535.00 and 1550.00.
Brent has so far limited its decline by the level of 28.00. But the general market sentiment indicates the next target below – 27.15. Perhaps, today the instrument will reach this level. But a more possible scenario is trading within the channel 28.00 – 29.75.
BTCUSD has found balance around the level of 5300.00. Today a decrease of the pair to the levels of 5042.00 and 4742.00 is most possible. In case of an upward movement, the targets may be the levels of 5555.00 and 5955.00.
Forecasts should not be considered as guidance for trading.