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EURUSD opened this week surprisingly calmly: without gaps and without obvious intentions to decline further. Now the pair is trading above the level of 1.0715 and today it can grow to 1.0780 and further – to 1.0830. However, the European session can change the picture to the exact opposite, and the targets can be the levels of 1.0650 and 1.0575.
GBPUSD holds for now and does not fall further. During the Asian session, the pair determined the range between the levels of 1.1675 and 1.1522 – we will focus on it. In case of exit from the range up, the target levels may be 1.1794 and 1.1850. In case of exit from the range down, the targets may be levels 1.1474 and 1.1407.
USDCHF has not been able for now to gain a foothold above the level of 0.9880. And the more unsuccessful attempts to break through this level, the more difficult it will be to do further. Now the pair is falling to the level of 0.9793, and in case of breaking through, the levels of 0.9752 and 0.9724 may become the targets. In case of resumption of upward movement and breaking through the level of 0.9880, the following targets will be 0.9946 and 1.0015.
USDJPY is now trading on a wave of decline and has already broken through the level of 110.20 down. Technically, a downward movement to the levels of 109.55 and 109.22 is more possible now. In case of renewed growth of the pair, target levels may be 110.97 and 111.50.
AUDUSD also formed a range of movement during the Asian session – between the levels of 0.5710 and 0.5810, demonstrating that the real mood of investors will appear today during the European session. In case of exit from the range down, the target levels may be 0.5642 and 0.5575. In case of exit from the range up, the targets may be the levels of 0.5925 and 0.5960.
USDRUB today will trade above last week’s close. The opening of trading will be near the level of 80.00, and the next targets will be 80.50 and 81.50, because Oil is aimed down. If the picture changes during European trading, then the levels of 79.40 and 78.80 may become targets for the Russian ruble.
The growth potential of USDCAD is limited by the level of 1.4475 for now, but the pair is clearly trying to restore the positions lost last week. Therefore, today we can see growth to the levels of 1.4530 and 1.4601. If the technical decline continues, the possible targets will be levels 1.4348 and 1.4273.
Gold is trading in a narrow range between the levels of 1497.00 and 1485.00. In case of exit from the range up, possible targets will be the levels of 1510.00 and 1518.00. In case of exit from the range down, the targets will be the levels of 1467.00 and 1452.00.
Brent again “looks” down. The current price of 25.90 is like a pause before the decline to the levels of 25.27 and 24.80 – soon we will find out for sure. In case of short-term growth, target levels may be 26.35 and 27.00.
Bitcoin is copying European currency pairs and has now found balance near the level of 5910.00. Today, a more possible scenario is a decline to the levels of 5688.00 and 5557.00. In case of an upward movement, targets may be the levels of 6088.00 and 6283.00.
Forecasts should not be considered as guidance for trading.