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EURUSD returned to the level of 1.0800 again. The upper target levels were reached yesterday, but further growth of the pair did not receive development. Today we will again focus on the level of 1.0780. In case of breaking through it down, the target levels may be 1.0746 and 1.0715. In case of a new attempt of the upward movement, the targets will be the levels of 1.0830 and 1.0880.
Target level 1.1794 so far has become a maximum for GBPUSD – the pair could not gain a foothold above. Today we will consider the lower target levels – 1.1675 and 1.1605, with a possible stop near 1.1715. The upper targets for today may be the levels of 1.1850 and 1.1890.
The USDCHF showed good volatility yesterday and reached both lower target levels. Now the pair is again trading around 0.9800, so the probable targets will be almost the same as yesterday. Top – 0.9752 and 0.9724. Bottom – 0.9845 and 0.9878.
USDJPY is trying to break through the level of 111.50 up again and again, and is currently approaching it. If the attempt succeeds, the next growth targets may be levels 112.20 and 112.93. But a more likely scenario is a rollback down to levels 110.97 and 110.20.
AUDUSD has just reached the top target level of 0.6023 and is currently trying to gain a foothold above. If the attempt is successful, the next possible growth targets will be levels 0.6092 and 0.6122. In case of a rollback down, the nearest targets will be the levels of 0.5985 and 0.5925.
USDRUB today is expected at the level of 78.50 at the opening of trading. Possible moderate technical volatility between the levels of 79.20 above and 78.00 below. Prerequisites for strong movements at the moment are not observed. If the situation changes during the European session, the price corridor may expand to 77.35 below and to 79.90 above.
USDCAD was unable to break through the level of 1.4530 once again and during the night fell to temporary support around 1.4370. The next nearest targets of decline are the levels of 1.4348 and 1.4275. In case of resumption of the upward movement, the nearest targets for the current flat movement may be the levels of 1.4415, 1.4475 and 1.4530.
Investors’ interest in Gold is gaining strength again because of the US dollar’s weakening for fundamental reasons. In the coming weeks, gold will become an increasingly interesting asset to preserve capital. At the moment the instrument is trading below 1611.00. In case of further correction down, the nearest targets may be the levels of 1598.00 and 1587.00. But a more likely scenario is a growth to the levels of 1626.00 and 1641.00.
The current Brent price around 28.00, apparently, suits all market players, and without any fundamental support, possible fluctuations today will be of a technical nature. The upper possible targets are levels 28.45 and 28.80. The nearest targets below are 27.50 and 27.00.
Bitcoin reached only one target level, the growth potential has so far turned out to be insignificant. At the moment the instrument is trading above the level of 6632.00 and demonstrates its intentions to try again to regain its positions – the level of 7000.00 is psychologically important and only resistance at 6840.00 separates the pair from it. In case of a downward correction, the nearest targets will be the levels 6532.00 and 6440.00.
Forecasts should not be considered as guidance for trading.