EURUSD has chosen an upward direction. One of the target levels – 1.0977 – has been reached, and now the pair is trading near it in correction. If the instrument manages to gain a foothold above the night high of 1.0990, then today we will consider the continuation of the uptrend to the levels of 1.1000-1.1013-1.1025 as the main scenario. If we see a deeper correction down, the nearest targets will be levels 1.0964 and 1.0952.
GBPUSD has worked out all the upper target levels and now it’s taking a break near the level of 1.2606. If the pair gains a foothold below this level, then we will consider a correction to the levels of 1.2578 and 1.2550. But the continuation of the upward movement to the levels of 1.2635 and 1.2663 looks more possible.
USDCHF standardly mirrors the movements of the European currency – the lower target levels have been reached, and now the pair is correcting up to the level of 0.9610. As the main direction today we will consider a further decline. The closest targets may be the levels of 0.9590 and 0.9578. If the upward correction is more significant, then the nearest targets may be the levels of 0.9625 and 0.9640.
USDJPY is trying to break down the monthly low at 106.92. If the pair manages to do this, then we will look for the lower target levels around 106.60 and 106.30. However, support 106.92 is strong enough to return the instrument to levels 107.20 and 107.40.
AUDUSD went to the downward correction. Now the pair is approaching the level of 0.6400 from above. In case of breaking through this level down, the nearest targets may be the levels of 0.6377 and 0.6355. If the pair returns to the upward movement and gains a foothold above the level of 0.6422, then as the nearest targets we will consider the levels of 0.6444 and 0.6467.
USDRUB has reached the lower target levels, and today we will consider the growth of the pair as the main scenario. The opening of trading is expected around the level of 73.08 with growth potential to the levels of 73.46 and 73.73. The lower border of today fluctuations may become the level of 72.65.
USDCAD is trading in a wide range between the levels of 1.3880 and 1.3925. If the pair leaves the range up, the closest targets may be levels 1.3940-1.3963-1.3987. If the pair leaves the range down, we will look for targets near the levels of 1.3855 and 1.3831.
Gold updated its 7-year highs, reaching the level of 1747.00. Now the instrument is being corrected in a narrow range between the levels of 1726.00 and 1719.00. Despite the main upward trend, in case of going out of the range downward, the closest target levels may be 1712.80 and 1705.80. If growth nevertheless continues above the range, then we will consider the levels of 1733.00 and 1740.50 as nearest targets.
Brent, after falling to the level of 28.05, found equilibrium near the level of 28.85. As the main scenario, today we will consider a decline of the instrument to the level of 28.45 and yesterday’s low at 28.05. There are no reasons for further decline. However, if we see growth above the level of 29.05, we will look for the nearest targets around 29.45 and 30.06.
Bitcoin worked out one target level on each side and indicated its current range – between the levels of 6964.00 and 6848.00. Today we will be guided by its borders. In case of breaking through the upper border, the possible targets will be levels 7002.00 and 7041.00. In case of breaking through the lower border, the targets may be the levels of 6824.00 and 6777.00.
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Forecasts should not be considered as guidance for trading.