EURUSD still cannot find the direction. Yesterday’s attempts to head down did not give a result, and now the pair is trading in a narrow range between the levels of 1.0857 and 1.0846. Today we will be guided by the borders of the range. If the pair leaves the range up, the nearest targets may be the levels of 1.0871 and 1.0899. But as the main scenario for today, we will consider a decline to the levels of 1.0818 and 1.0796.
GBPUSD is gradually declining. Yesterday’s lower target levels were worked out, and today the main scenario will be the continuation of the downward trend. The nearest target below is yesterday’s low at 1.2250. If the pair manages to gain a foothold below this level, then we will look for next targets near levels 1.2224 and 1.2198. In case of an upward correction, we’ll define possible targets at levels 1.2335 and 1.2356.
USDCHF “stuck” in a wide range around the level of 0.9700. Opportunities for growth are now confirmed on the higher timeframes, therefore, we determine the possible targets for moving up at the levels of 0.9719 and 0.9740. If during European trading the equilibrium shifts downward, then the possible targets will be the levels of 0.9675 and 0.9654.
USDJPY yesterday managed to work out both the lower and upper target levels, which led the pair to the level of yesterday morning – 107.65. Since there is no pronounced trend, we will focus on the night range between the levels of 107.61 and 107.87. If the price goes out of the range upwards, the possible targets would be levels 108.00 and 108.25. If the price goes out of the range downwards, the closest targets may be the levels 107.36 and 107.17.
AUDUSD lost all the results of yesterday’s decline at night, and the pair returned to the level of 0.6300. Today we will consider possible targetss at the top near the levels of 0.6321 and 0.6348. If the downward movement resumes, then the possible targets will be the levels of 0.6266 and 0.6238.
USDRUB is going back to its heights. Yesterday’s close of trading at 77.24 will not be the limit, and today the opening of trading is expected around 78.60-79.00, which will lead to the intervention of the Central Bank of Russia. The upper borders are expected today at the levels of 79.33-79.90. The lower borders we’ll define near the levels of 78.22-78.03.
USDCAD was able to gain a foothold above the level of 1.4200, and now the pair is trading below 1.4231. If this level is broken through upwards, the next possible targets will be levels 1.4254 and 1.4278. from bottom the price is supported by the levels of 1.4207 and 1.4184. If they are broken through downwards, the targets may be the levels of 1.4160 and 1.4138.
Gold worked out all the lower target levels and then was corrected upward, to the resistance of 1691.50. The current range between the levels of 1691.50 and 1680.00 will be a reference for today. As the main scenario, we will consider a decline below the lower border of the range to the levels of 1670.00 and 1660.00. However, we will not exclude the possibility of testing the peaks near levels 1695.00 and 1700.00.
Brent declined much more sharply than expected, and today we’ll be able to see possible testing of new historical lows at levels 15.21 and 14.50. Possible targets for an upward correction are defined at the levels of 16.50 and 17.50.
Bitcoin is in a lateral movement, the interests of traders are now focused on other instruments. As the main scenario, today we will consider the possibility of decline of BTCUSD pair to the levels of 6820.00 and 6766.00. As a backup plan, we’ll define the upper possible targets at 6943.00 and 6987.00.
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Forecasts should not be considered as guidance for trading.