EURUSD has reached all the lower target levels and today is again “looking” down. After a breaking through the level of 1.0830 down, the nearest targets for the decline may be the levels of 1.0800 and 1.0780 with the potential for further decline to 1.0746. In case of an upward correction, the nearest targets may be the levels of 1.0880 and 1.0900.
GBPUSD is trading in an unusually narrow channel between the levels of 1.2360 and 1.2404. If fundamental factors move the pair beyond the lower border of the range, then the possible targets for today will be levels 1.2301 and 1.2247. If the upper border of the range is broken through, then the target levels may be 1.2450 and 1.2485.
USDCHF did not reach yesterday’s target a little and is now consolidating in the range between 0.9730 and 0.9750. In case of exit from the channel, the targets at the top can be the levels of 0.9800 and 0.9840, the targets at the bottom can be the levels of 0.9687 and 0.9645.
USDJPY has corrected to the upper target levels and is now waiting for the opening of the European trading session in the channel between the levels of 108.19 and 107.77. The nearest possible decline targets in case of exit from the channel down – 107.36 and 107.00. The nearest growth targets in case of exit from the channel up – 108.70 and 108.95.
AUDUSD after a short decline returned to the level of 0.6062 again, so the target levels remain actual: 0.6023 and 0.5984 – at the bottom, 0.6092-0.6122-0.6155 – at the top.
USDRUB strengthened slightly on fundamental expectations, but remained within the expected borders. The opening of trading today will depend on two factors: on the continued support of the ruble exchange rate by the central bank of Russia and on oil prices. If the influence of one of the two factors weakens, the opening is expected near the level of 78.00 with a growth potential to 78.80-79.40. The lower border is expected at yesterday’s level – 77.35. In case of normal influence of these two factors, a shift down one level is possible: the opening is about 77.35, the growth potential will be limited by 78.00, and the lower border will shift to 76.30.
USDCAD yesterday gave an opportunity to earn both bulls and bears, having worked out the target levels above and below. Now the pair is trading in a narrow range between 1.4145 and 1.4182. If the pair leaves the channel up, the target levels may be 1.4225 and 1.4272. If the pair leaves the channel down, the targets may be levels 1.4095 and 1.4055.
Gold has reached the upper target levels and is now awaiting the start of European trading near the level of 1611.00. The closest possible targets for the decline today will be the levels of 1598.00 and 1587.00. If growth continues, we will seek “short” targets near the levels of 1626.00 and 1635.00.
Yesterday’s surge in Brent volatility is explained by fundamental expectations, which are likely to really lead to stabilization of the oil market in the coming weeks. For now we will focus on the technical picture of trading, from which it follows that today we may see a decline to the levels of 26.34 and 25.27. The borders of a possible technical correction upward will be considered at levels 27.50 and 28.00.
Bitcoin could not gain a foothold above 7000.00 and was again thrown down by a large number of pending sell orders. Now the pair is trading in a narrow range between 6750.00 and 6840.00. In case of exit from the range up, the targets may be the levels of 7000.00 and 7200.00. If the pair leaves the range downwards, the targets may be the levels of 6590.00 and 6438.00.
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Forecasts should not be considered as guidance for trading.