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Due to background of a weakening US dollar, EURUSD reached all upper target levels and stopped growing only around 1.0925. Now the pair is trading in the range between 1.0925 and 1.0880. In case of going out of the range upward, the possible target levels for today will be 1.0957 and 1.1017, with a delay near 1.0982. If the pair leaves the range down, the targets may be the levels of 1.0830 and 1.0800.
Within one day GBPUSD reached both upper levels and one of the lower target levels, which indicates that not only weak US dollar influences the British surrenc. Now the pair has found balance near the level of 1.1850. Today’s targets may be levels 1.1795 and 1.1714 – at the top; levels 1.1890 and 1.1960 – at the bottom.
USDCHF is now trading above the important level of 0.9730. In case of breaking through this level down, possible targets will be the levels of 0.9694 and 0.9660. If the forming downward trend turns out to be temporary, then the upper targets may be the levels of 0.9763 and 0.9800, with growth potential to 0.9840.
USDJPY has tried to break the 111.50 level up five times over the past week, and all unsuccessfully. Now the pair is consolidating in a narrow range between the levels of 110.57 and 110.97. In case of exit from the range down, targets may be levels 110.20 and 109.88. In case of exit from the range up, possible targets will be levels 111.50 and 112.20.
AUDUSD has reached lower target levels and is now waiting for the opening of the European trading session near the level of 0.5925. Today the pair is likely to continue to decline to the levels of 0.5867 and 0.5808. In case of an upward correction, the possible targets will be the levels of 0.5960 and 0.6025, with a delay near 0.5985.
USDRUB yesterday was moderately volatile and did not go beyond the forecast levels. Today the opening of market is expected around the level of 78.80. Obvious reasons for large fluctuations are absent for now, so the pair is expected to be traded within the levels of 79.35 – above, and 78.00-77.35 – below.
USDCAD has reached lower target levels and is now trading in a wide range between 1.4273 and 1.4182. In case of going out of the range down, the possible targets for decline will be the levels of 1.4145 and 1.4095. In case of exit from the range up, the nearest target levels will be 1.4300 and 1.4345.
Gold reached the upper target level of 1626.00, but further growth potential did not open, and the instrument found balance in a narrow range between the levels of 1598.00 and 1611.00. In case of exit from the range up, the possible targets will remain levels 1626.00 and 1641.00, with a delay near 1633.00. In case of exit from the range down, the nearest targets will be the levels of 1587.00 and 1575.00.
After yesterday’s not bad speculative volatility, Brent found a balance near the level of 26.90. Today a range of fluctuations is supposed to be between the levels of 26.35-25.70 – below, and 28.02-28.35 – above.
Bitcoin was almost able to conquer the level of 7000.00, but a large number of pending sell orders quickly returned the instrument to the area of the level 6532.00. Now the BTCUSD pair is trading near the level of 6720.00, and today new attempts to reach the level of 7000.00 with a possible delay near 6840.00 are quite likely. In case of a pause in the upward movement, the target levels below may be 6532.00 and 6438.00.
Forecasts should not be considered as guidance for trading.