EURUSD made several attempts to break through the 1.0780 level down, but there is still not enough potential for decline. The protracted flat between the levels of 1.0830 and 1.0780 has been going on since last week, and today we will focus on these levels. If the pair moves out of the range up, the nearest targets may be the levels of 1.0850 and 1.0880. If the pair gains a foothold below the range, then the targets for today may be the levels of 1.0745 and 1.0720.
GBPUSD demonstrates normal for the British pound daily volatility and is now trading in the channel between 1.2300 and 1.2247. An obvious trend direction is not observed, therefore, we will consider the borders of this channel as indicators for a possible direction of price movement. If the pair breaks through the upper border of the channel, then the target levels may be 1.2360 and 1.2405. In case of breaking through the lower border of the channel, we will look for targets around 1.2201 and 1.2166.
USDCHF stopped the upward movement slightly below the level of 0.9800 and is now correcting to 0.9750. If the correction goes on, then today the nearest decline targets may be the levels of 0.9730 and 0.9687. If the level of 0.9800 is passed up, then the targets may be the levels of 0.9840 and 0.9885.
USDJPY clearly works out the target levels and is now back in the channel between 108.72 and 180.95. Therefore, yesterday’s targets remain actual: 109.22 and 109.55 – above, 108.27 and 107.77 – below.
AUDUSD reached all upper target levels and even gained a foothold above 0.6100. Now the continued growth of the pair is holding back by the level of 0.6122, but if it is broken through up, the levels of 0.6155 and 0.6170 may become the next targets. If the pair corrects down, the nearest targets are the levels 0.6092 and 0.6060.
Basing on the current market situation, the opening of trading on USDRUB today is expected to be around the level of 76.50 with the prospect of a decline to 75.50. The upper possible border for today is planned at 77.35.
USDCAD is now being traded near the lower border of its weekly range – the level of 1.4095. Today we will consider the decline scenario, if the pair gains a foothold below this level. In this case, the nearest targets may be the levels of 1.4055 and 1.4017. If the pair turns up, then today we will look for targets near the levels of 1.4145 and 1.4180.
Investors’ interest in Gold was observed yesterday during all day, which led to the growth of the instrument to the level of 1673.50. After a slight correction, the price found a temporary equilibrium near the footing level of 1660.00. As possible targets for today we will consider the following levels: 1650.00 and 1641.00 – below, 1666.00 and 1673.50 – above.
Brent reaches up on expectations of fundamental factors. But there are still two days before them, so today we will consider the technical ability of the instrument to decline to the levels of 32.00 and 31.00. There are no serious reasons for growth today, but 33.50 and 34.00 are possible target levels.
Bitcoin finally gained a foothold above the level of 7000.00 and reached 7455.00, after which it rolled back below the level of 7330.00. Today the pair may continue the growth. A signal for this will be breaking through the level of 7330.00 up, after which the nearest possible targets will be: yesterday’s maximum of 7455.00 and the footing level of 7525.00. If the downward correction goes on, we will look for targets near the levels of 7175.00 and 7000.00.
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Forecasts should not be considered as guidance for trading.