EURUSD is consolidating between the levels of 1.0848 and 1.0880. At the moment there are no clear signals to exit the flat, so today we will focus on borders of this range. If the pair leaves the range up, the possible target levels will be 1.0901 and 1.0925. If the pair leaves the range down, the targets for today may be the levels of 1.0830 and 1.0801.
GBPUSD could not gain a foothold above the target level of 1.2405 and is now trading in the channel between 1.2405 and 1.2360. Today the pair has all opportunities to continue the upward movement, and if the growth potential is enough to overcome the level of 1.2405, then the next possible targets will be levels 1.2448 and 1.2475. If the pair turns down, then after level 1.2360 possible targets will be levels 1.2301 and 1.2248.
USDCHF is expectedly traded in flat, following the European currency. The current equilibrium near the level of 0.9715 is the middle of the channel between the levels of 0.9729 and 0.9701. Therefore, if the equilibrium is shifted below the level of 0.9701, the levels of 0.9688 and 0.9660 may become the next decline targets. If the pair goes beyond the upper border of the channel, then the nearest possible targets today will be the levels of 0.9752 and 0.9775.
USDJPY also shows the absence of any direction of movement and is now trading near the level of 108.95. Therefore, today for the pair we will consider the following local targets: 108.72 and 108.53 – at the bottom, 109.07 and 109.22 – at the top.
AUDUSD showed good volatility and rose above the upper target levels – the level of 0.6240 has become the limit of the pair’s capabilities for now. Nothing prevents continued growth above the level of 0.6240 today, and we will look for the following growth targets near the levels of 0.6272 and 0.6301. In case of downward correction, we will consider the levels 0.6200 and 0.6170 as targets.
USDRUB today may show good volatility, depending on news factors. Opening of trading is expected at 76.00 with the prospect of a decline. The nearest targets of the decline today may be the levels of 74.80 and 73.90. The upper border of the movement today may be the level of 76.60.
USDCAD has been trading in a relatively narrow range for the past 24 hours and has now found equilibrium near the level of 1.4030. A signal to a decline today may be a breaking through the level of 1.4018 down, and the nearest targets will be the levels of 1.4000-1.3983-1.3945. If the pair can gain a foothold above the level of 1.4055, then further growth is possible to the levels of 1.4094 and 1.4145.
Gold for now can not break the level of 1641.00 down – repeated attempts led to a rebound to 1649.00. However, today the picture may change, and XAUUSD may grow to the levels of 1659.00 and further – to the levels of 1666.00 and 1673.50. This is the main scenario. However, in case of moving down, the instrument can reach the levels of 1633.00 and 1626.00.
Brent is trading on news expectations around the level of 32.00, and today good volatility is possible upward – the levels of 35.00 and 38.00 may be reached. The nearest targets below are at 31.00 and 30.00.
Recently Bitcoin has been trading at “round” levels, which indicates the complete absence of any economic base for this instrument. Possible goals for today: 7200.00 and 7100.00 – below, 7400.00 and 7450.00 – above.
We are in Telegram
Forecasts should not be considered as guidance for trading.