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EURUSD reached all lower target levels and only a 3-year low at 1.0650 was able to stop it. There are no fundamental reasons for the significant growth of the European currency, so the current price of 1.0755 is just a technical correction. The targets below for today are the levels 1.0712, 1.0650 and 1.0575. If the correction continues, the targets may be 1.0780, 1.0800 and 1.0880.
GBPUSD continues to search for any footing points. Without technical speculative support, only the “round levels” restrain the English currency fluctuations at least a little. Today we will consider the targets above at the levels of 1.1800 and 1.1900. The targets below are at levels 1.1500 and 1.1400.
USDCHF is getting closer to 1.0000 level. The rollback from 0.9880 is most likely of a technical nature, and today the level of 0.9945 is quite achievable. If the downward correction continues, then the targets may be the levels of 0.9750 and 0.9700.
USDJPY lost more than 100 points of growth during the night and is now trading above 109.50. Continuation of growth is more possible today, therefore the levels 111.00 and 111.50 can become the upper targets. In case of breaking through the level of 109.50 down, possible targets would be 109.20 and 108.95.
AUDUSD has reached all the upper target levels and continues to recover, although quite chaotically. The high volatility of the pair is explained by completely opposite investor intentions regarding the Australian dollar. Today the continuation of the “game of doubts” is possible, and the closest targets at the top can be the levels of 0.5960 and 0.6025. The nearest targets below are now levels 0.5800 and 0.5720.
A pause in the fall of oil and central bank operations kept USDRUB below 82.00. Today the decline of the pair is expected to continue. The nearest targets for today will be the levels of 78.00 and 77.15.
USDCAD has lost all of its growth potential in one day and is now trading slightly below the level of 1.4400, demonstrating intentions to continue to decline to the levels of 1.4350 and 1.4275. In case of resumption of the upward movement, yesterday’s lower target levels can become upper targets for today – levels 1.4475 and 1.4530.
Gold for the whole day was left without attention of investors and is now trading in a narrow range between the levels of 1467.00 and 1485.00. In case of exit from the channel up, the targets may be the levels of 1498.00 and 1510.00. In case of exit from the channel down, we will look for lower targets near the levels of 1452.00 and 1440.00.
Brent stopped falling and is trading near the level of 29.00. However, this is more like a temporary correction, and today we can see the resumption of the downward movement to the levels of 27.00 and 26.00. In case of a longer correction, the targets at the top can be the levels of 30.00 and 31.00.
BTCUSD is gradually emerging from the nosedive and is trading near the level of 6250.00. Today it is more possible that the instrument will continue to recover to the levels of 6632.00 and 6840.00. In case of downward correction, the nearest targets for today may be the levels of 5671.00 and 5370.00.
Forecasts should not be considered as guidance for trading.