EURUSD started the trading week calmly. Price fluctuations in a narrow range between the levels of 1.0877 and 1.0861 do not say anything about where the pair will move further to, so we will focus on the borders of the range. If the pair leaves the range down, the nearest target levels may be 1.0846-1.0830-1.0816. If the pair leaves the range up, the nearest targets may be 1.0891 and 1.0903. If the pair manages to gain a foothold above the level of 1.0903, then the growth potential will be opened to the levels of 1.0916 and 1.0928.
GBPUSD is consolidating below 1.2500. The pair lacks a small impulse to begin to decline from the current level of 1.2480 to levels of 1.2453-1.2425-1.2397, this will be the main scenario for today. Nevertheless, the beginning of European trading may shift the price above the level of 1.2508, and in this case the growth potential will open to the levels of 1.2536 and 1.2564.
USDCHF precisely works out price levels and is now near 0.9693 level. As the main scenario, today we will consider the pair’s growth above the level of 0.9698, after which the potential for movement to 0.9714 and 0.9730 will be opened. If during the European session the price falls below the level of 0.9673, then the nearest targets below may be the levels of 0.9658 and 0.9638.
USDJPY grew throughout the night, working out price levels well. Bigger trading periods indicate the possibility of continuing upward movement – from the current level of 107.83 to the level of 107.97. If the pair consolidates above 108.00, then the nearest targets may be levels 108.31 and 108.48. But we will not exclude the option of moving down – for this case we will define target levels around 107.69 and 107.48.
AUDUSD has now chosen for itself a safe channel of movement between the levels of 0.6354 and 0.6339. There is no confirmation of any direction of movement, so today we will focus on the levels: 0.6324-0.6309 – below, 0.6369-0.6384 – above.
USDRUB has no special reason for strong movements. Opening of trading today is expected around the level of 74.10 with upside potential to the levels of 74.35 and 74.80. In case of a decline of the pair, support may be the level of 73.40.
USDCAD turned from the level of 1.4000 upwards, and managed to reach the level of 1.4089 during the night. Now is a good moment to correct down to the levels of 1.4064 and 1.4040. If the pair continues its upward movement, then 1.4101 and 1.4120 may become the closest targets.
Gold accumulates strength to further decline. During the night interest in gold was weak, but even it was enough for a partial correction of a strong downward movement. The current range between the levels of 1684.00 and 1678.00 will be our guideline for today. If the price crosses the upper border of the range, the possible targets will be the levels of 1690.00 and 1697.00. If the price crosses the lower border of the range, we will look for possible targets near the levels of 1671.00-1665.00-1659.00.
Brent was traded for several days in a technical flat between the levels of 28.00 and 26.00. Today this price behavior is likely to continue. Now the price of the instrument has fallen below the level of 27.04, and the path to 26.55 and 26.05 is open.
Bitcoin in bigger trading periods gives signals to continue the upward movement. From the current level of 7185.00, the nearest targets at the top can be levels 7215.00-7246.00-7277.00. If there is a downward correction before this, then the possible supports will be the levels 7152.00 and 7121.00.
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Forecasts should not be considered as guidance for trading.