EURUSD could not break through the level of 1.0900 up, but also it was not enough potential for fully decline, so the whole day passed in technical price fluctuations. As the main scenario for today, we will consider a decline of the pair from the current level of 1.0835 to 1.0823 and further to 1.0812. In case of repeated growth attempts, the nearest targets may be the levels of 1.0851 and 1.0872.
GBPUSD has worked out all the lower target levels, but could not gain a foothold below the level of 1.2400. Nevertheless, today we will consider the continued decline of the pair to levels 1.2370 and 1.2342 as the main scenario. The backup plan will be the growth of the pair to the levels of 1.2425 and 1.2453.
USDCHF on higher timeframes demonstrates intentions to move up. The current equilibrium near the level of 0.9700 does not seem solid, so if the pair can gain a foothold above 0.9722, then the levels of 0.9738 and 0.9754 may become the nearest growth targets. In the opposite scenario, the pair may move below the level of 0.9700, and then we will look for possible targets near the levels of 0.9687 and 0.9667.
USDJPY calmly worked out the lower target levels, without surprises. Now the pair is trading near the level of 107.55, and in the next few hours we will expect the pair to continue its decline to the level of 107.41, after which the potential for movement to 107.27 and 107.13 will be opened. However, higher timeframes show the possibility of moving up, we will also take this into account and define possible targets near levels 107.76 and 107.95.
AUDUSD also worked out all the lower target levels and even made an attempt to gain a foothold below the level of 0.6300, however, the potential was not yet enough. Nevertheless, the decline from the current level of 0.6300 to the levels of 0.6265 and 0.6238 we will consider as the main scenario for today. And as possible targets at the top we’ll define the levels of 0.6321 and 0.6362.
USDRUB is trying to save its position below the level of 75.00, however today it is unlikely to succeed. Opening of trading is expected around the level of 75.20 with upside potential to 75.49-75.86. As possible supports we will consider levels 74.92 and 74.63.
USDCAD is approaching its weekly high at 1.4182. Now the pair is held back by resistance at 1.4177, however, as the main scenario for today we will consider growth to 1.4196 and 1.4224. Nevertheless, the rollback of the price to the current level 1.4159 may be a signal of the beginning of the correction to the levels 1.4131 and 1.4104, therefore we will not exclude this option.
Gold was corrected up, but could not gain a foothold above the level of 1700.00, despite sufficient support by fundamental factors. Now the instrument is trading in a narrow range between the levels of 1691.50 and 1686.00 waiting for the start of the European trading session. If the price goes out of the range downwards, the closest targets may be levels 1682.00-1677.50-1673.00. If the price goes out of the range upwards, then the possible targets will be levels 1696.00-1700.00-1705.50.
Brent continues to decline. Previous night attempts to break through the 24.85 level down were unsuccessful, however, everything can change with the start of European trading – today we will consider the levels 24.45 and 24.05 as lower targets. If support at 24.85 proves to be strong enough, then the possible targets at the top are levels 25.55 and 26.05.
Bitcoin was dropped below 7000.00. The decline of the instrument was stopped by the level of 6760.00, which will become today’s possible target of continuing of the decline. If this level is passed, then the next possible target will be the level of 6692.00. However, we will not exclude the possibility of correction up to the levels of 6939.00 and 7004.00.
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Forecasts should not be considered as guidance for trading.