EURUSD continues to look for a basis for the formation of a trend – yesterday’s fluctuations did not clarify intentions of the pair. One of the lower target levels of 1.0901 was reached, but this became the limit of the instrument’s capabilities, and the price returned to the same range between the levels of 1.0925 and 1.0951. Therefore, all yesterday’s target levels remain actual: 1.0901 and 1.0882 – below, and 1.0977-1.1003 – above.
GBPUSD has reached all the target levels above, and today the continuation of the upward trend will be the main scenario. Gaining a foothold by the price above the level of 1.2567 will be a signal for searching for possible targets near the levels of 1.2590 and 1.2622. In case of correction below the level of 1.2540, the closest targets will be levels 1.2512 and 1.2484.
Over the past 24 hours USDCHF managed to reach both the upper target levels and one of the lower. It is likely that the level of 0.9640 today will remain the lower limit of the pair’s capabilities, and we will see a price rebound back to the levels of 0.9665 and 0.9687. However, in case of breaking through the level of 0.9640 down, the possible targets will be the levels of 0.9610 and 0.9595.
USDJPY confidently “looks” down. All lower target levels were reached yesterday, and now the pair expects the start of European trading near the level of 107.67. As the main scenario, today we will consider a decline to the levels of 107.45 and 107.24, after which the potential for further decline to the levels of 107.07 and 106.90 will be opened. But we will not forget about the possible correction up – the possible targets would be levels 107.88 and 108.10.
AUDUSD at night rose even above yesterday’s target levels and is now trading precisely below 0.6432. Now is a very good moment for correction down to the levels of 0.6410 and 0.6388. In case of further growth, above the level of 0.6432, the nearest targets may be the levels of 0.6454 and 0.6476.
USDRUB today is almost devoid of fundamental support, so we will focus on technical capabilities of the pair. Opening of trading is expected around the level of 73.40 with the potential for a decline to the levels of 73.19-72.92. The level of 74.00 we will detrmine as the upper limit of possible range for today.
USDCAD has updated monthly lows and is now trading near the level of 1.3865. In the first hours of the European trading session the pair may try to go down – to yesterday’s low 1.3855 and further – to 1.3831. But in general, the upward correction scenario is more possible, to the levels of 1.3880 and 1.3903.
Gold rose to the limit of its capabilities – only a 7-year high of 1725.50 could stop further growth. Now the instrument is being traded near the level of 1712.50, and the main scenario for today will be a further correction down to the levels of 1706.00 and 1700.00. But we will not exclude possible attempt to update yesterday’s highs – the possible targets would be the levels of 1732.00 and 1738.50.
Brent fell by one level, compared with yesterday’s morning, and is now trading under level 31.23. As the main scenario for today, we will consider growth to the levels of 31.56 and 31.96. If the price drops below 30.91, then we will look for possible targets near the levels of 30.56 and 29.75.
Over the past 24 hours Bitcoin managed to work out both all the lower target levels and the upper ones. Now the instrument is trading in the range between the levels of 6926.00 and 6887.00. In case of exit from the range down, the nearest target levels may be 6848.00 and 6801.00. In case of exit from the range up, the nearest targets may be the levels of 6964.00 and 7002.00.
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Forecasts should not be considered as guidance for trading.