EURUSD is trading under pressure to decline. Despite yesterday’s growth impetus amid the weakness of US dollar, the pair was not able to develop an upward movement. Now the instrument is waiting for the start of the European trading session in the range between the levels of 1.0880 and 1.0848. If the pair leaves the range down, the possible targets for today will be the levels of 1.0800 and 1.0777. If the pair leaves the range up, possible target levels will be the levels of 1.0901 and yesterday’s maximum of 1.0925 with a growth potential to 1.0950.
GBPUSD behaves calmly and predictably – works out price levels. Now the pair is trading in the channel between the levels of 1.2301 and 1.2360. Breaking through the upper border of the channel will open growth potential to levels 1.2405 and 1.2448. However, the main scenario for today is a decline to the levels of 1.2248 and 1.2201.
USDCHF rebounded from support at 0.9687 and is now approaching resistance at 0.9730. The channel between these levels today will be our guideline. If the pair exits the channel up, the possible target levels will be 0.9752 and 0.9775. If the pair breaks through the lower border of the channel, then the levels of 0.9660 and 0.9645 may become the targets of further decline.
USDJPY has formed a wide downward channel on the higher timeframes and is now near its upper border – the level of 108.94. In the case of a breaking through this level up, the closest targets may be levels 109.07 and 109.22, and the growth potential to 109.56 will be opened. If another rebound occurs, then the possible targets for today are the levels of 108.72 and 108.53.
AUDUSD could not gain a foothold above the level of 0.6200 and during the night rolled back to the level of 0.6122, thus compensating all yesterday’s growth. Today we will consider the channel between the levels of 0.6122 and 0.6148 as a guide. If the pair grows above the upper border, the nearest targets may be the levels of 0.6170 and 0.6200. If the price gains a foothold below 0.6122, then 0.6092 and 0.6062 may become target levels.
Technical capabilities of USDRUB are now very limited by the expectations of tomorrow’s news, so today we will not expect big fluctuations. The opening of trading is planned around the levels of 75.70-76.00 with the potential for slight growth to 76.30-76.50. The lower border of the fluctuations is expected today near level 75.30.
USDCAD fell to a weekly low at 1.3945, using the current weakness of the US dollar, after which it confidently adjusted to 1.4040. Today we will consider the range between the levels of 1.4055 and 1.4018. Breaking through the upper border of the range will allow the pair to grow to levels 1.4095 and 1.4145. Breaking through the lower border of the range will be a signal to decline to 1.3983 and yesterday’s low – the level of 1.3945.
Gold does not go beyond the expected range and has now found equilibrium near the level of 1649.00. Growth above this level will open the possibility of further growth to the levels of 1659.00 and 1666.00. The closest targets below are the levels 1641.00 and 1633.00-1626.00.
Brent in expectation of today’s European trading and tomorrow’s news is trading near the level of 31.20. Today we will consider a variant of technical fluctuations between the levels: 32.00-32.75 – above, 31.00-30.00 – below.
Bitcoin again made an attempt to gain a foothold above the level of 7455.00 and again rolled down to 7080.00. Now the instrument demonstrates preparation for another attempt to break through the upper border of the range at the level of 7455.00. If successful, the possible targets for further growth will be the levels of 7527.00 and 7628.00. If the pair falls below the level of 7330.00, then we will look for targets near the levels of 7175.00 and 7080.00.
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Forecasts should not be considered as guidance for trading.