EURUSD managed to gain a foothold above the level of 1.0900, having reached all target levels. Now the pair is again approaching yesterday’s high of 1.0951, and if it breaks it through up, the nearest targets for further growth can be the levels of 1.0980 and 1.1010, with a possible delay near 1.0965. If the growth potential is not enough and the pair falls below 1.0925, then a further correction downwards may follow, to the levels of 1.0900 and 1.0880.
GBPUSD continues to calmly work out price levels. The upper target levels have been achieved, and now the pair is trading in a narrow channel between the levels of 1.2448 and 1.2482 – we will focus on them. If the pair leaves the channel up, the next possible targets will be levels 1.2536 and 1.2576. If the pair leaves the channel down, the possible targets will be levels 1.2404 and 1.2360.
USDCHF has worked out all the lower target levels and is now coming to the level of 0.9647 from above. A further decline today is possible if the pair manages to gain a foothold below this level, and possible targets will be the levels of 0.9615 and 0.9587. In case of an upward correction, the closest target levels may be 0.9676 and 0.9705.
USDJPY dropped even below target levels, and is now approaching the level of 108.27 from above. As the main scenario for today we will consider a further decline to the levels of 107.77 and 107.36. If the decline potential is not strong enough, then the nearest targets at the top are the levels of 108.53 and 108.72.
AUDUSD is working out target levels well in its upward movement, and as targets of further growth today we will consider: yesterday’s maximum 0.6363 and further – 0.6396 and 0.6435. If the main movement today is corrected down, then the targets for today may be levels 0.6301 and 0.6272.
USDRUB worked out all the lower target levels and at some point dropped even below 73.00. However, today the picture will be changed. Opening of trading today is expected around the level of 75.50 with the prospect of growth to the level of 76.30. The lower border of today’s trading is expected to be at the levels of 75.00-74.80.
USDCAD has shifted its price range by four levels down, and a further decline for now is constrained by the level of 1.3945, to which the pair is now approaching from above. In case of breaking through this level down, the possible targets for further decline may be the levels of 1.3915 and 1.3880. If a rebound occurs again, then the nearest growth targets may be levels 1.3983 and 1.4018.
Gold rebounded from a monthly high at 1690.00 and is now trading slightly above 1680.00. As the main scenario for today we will consider a correction down to the levels of 1673.00 and 1666.50, since there are no grounds for further growth today. Nevertheless, if the instrument manages to gain a foothold above the level of 1690.00, the next nearest growth target may be the level of 1702.50.
Brent rose for a moment above one of yesterday’s target levels of 35.00, but later returned to its familiar price around 30.50. In current market conditions it will not be easy for the price of oil to rise above 32.00-33.00 till May. Today as the main scenario will consider a further decline to the levels of 30.00-29.00. In case of an upward correction, we will look for targets near the levels of 31.50-32.00.
Bitcoin did not give an understanding of its direction during all day yesterday, trading in flat. Now the pair is showing intentions to decline. The closest target levels below may be 7080.00 and 7000.00. The closest targets at the top are the levels 7200.00 and 7300.00.
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Forecasts should not be considered as guidance for trading.