EURUSD is trading near the monthly low of 1.0767, after reaching yesterday all the lower targets that we set. So far, the support of 1.0761 keeps the pair from further decline. If this level is broken through downwards, the following possible targets will be near the levels of 1.0744 and 1.0720. If the pair corrects upwards, then the possible target levels will be 1.0784 and 1.0813.
GBPUSD yesterday reached all the upper target levels, but could not gain a foothold above 1.2400, which led the pair to the current equilibrium near 1.2350. As the main scenario for today, we will consider new growth attempts to the levels of 1.2385 and 1.2412. In case of a downward correction, we will look for possible targets near the levels of 1.2325 and 1.2300.
USDCHF has also reached all the upper targets and is now being hold back by 0.9775 level on its way to 0.9800. If the pair can gain a foothold above this “round” level, the next target may be the level of 0.9840, and in prospect – 0.9880. In case of a rollback down, the possible targets would be the levels of 0.9730 and 0.9707.
USDJPY was dropped from the level of 108.00, due to the large number of pending “sell” orders, and is now trading in the range between the levels of 107.75 and 107.35. If the pair leaves the range upwards, we will consider possible targets at levels 107.95 and 108.08, with a growth potential to 108.27. If the pair moves out of the range downwards, then the targets for today may be levels 107.16 and 106.92.
AUDUSD exceeded our expectations, reaching the level of 0.6400. However, the pair could not gain a foothold above this level and is now trading between 0.6367 and 0.6350. If the pair leaves the range upwards, possible targets will be the levels of 0.6385 and 0.6405, with a growth potential to 0.6430. If the pair leaves the range downwards, we will consider targets near the levels of 0.6325 and 0.6300.
USDRUB fell more than we expected yesterday, closing the trading session at 74.27. The opening of trading today is expected around the levels of 74.40-74.50 with upside potential to the levels of 75.20-75.35. The lower limit of possible fluctuations today we’ll define near the level of 73.80.
USDCAD reached all lower target levels and even unsuccessfully tried to go below 1.4000, but pending “buy” orders returned the pair to the current level of 1.4073. As the main scenario for today, we will consider a possible decline of the pair to the levels of 1.4044 and 1.4000. The backup plan for today will be growth to the levels of 1.4105 and 1.4130.
Gold has found its growth limit near the level of 1738.00 and has now returned to support near 1721.00. In the coming hours we will consider a decline of the instrument to the levels of 1717.00 and 1708.00. However, in the current situation it is impossible to exclude the possibility of repeated attempts to break through the levels of 1730.00 and 1738.00 with a prospect target of growth near 1747.00.
Brent during the Asian trading session was limited by the level of 25.92 and is now correcting towards 25.33. With the opening of the European session, we will consider the scenario of decline of the instrument to the levels of 24.75 and 24.00, with a potential movement to 23.50. In case of growth above the level of 25.92, the next targets may be the levels of 26.21 and 26.60.
Bitcoin yesterday reached a one-month high near the level of 7780.00, but this impulse was canceled, and the instrument found equilibrium near the current level of 7530.00. The range of possible fluctuations is wide enough, therefore, we’ll define possible targets for today: 7624.00 and 7717.00 – at the top, 7438.00 and 7376.00 – at the bottom.
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Forecasts should not be considered as guidance for trading.