EURUSD continues to trade in a wide range between the levels of 1.0800 and 1.0900, returning to its middle. Today we will consider the current price of 1.0860 as the lower border of the triangle on H1, so the main scenario will be the growth of the pair to the level of 1.0882 in the coming hours. If we see a breaking through the upper border of the triangle, then the next targets may be levels 1.0901 and 1.0924. But the scenario of a breaking through the lower border of the triangle with possible targets at the levels of 1.0818-1.0801-1.0778 looks more possible.
GBPUSD reached all lower targets and even made an attempt to gain a foothold below the level of 1.2400, but still returned to the same price that it started yesterday at 1.2468. As the main scenario, today we will consider the development of the downward channel on H4. The current price is the upper border of the channel, so we will plan a decline of the pair to levels 1.2441-1.2420 with a movement potential to 1.2380. And of course, we will define levels 1.2508 and 1.2532 as possible targets in case of breaking through the upper border of the channel.
USDCHF is trading in a wide side channel between the levels of 0.9767 and 0.9713. The closest targets above the current price of 0.9746 are the levels of 0.9767 and 0.9797. The closest targets below are levels 0.9713-0.9705-0.9687.
USDJPY is gradually declining, and today we will consider the continuation of this trend. From the current price of 106.52, the nearest targets below may be the levels of 106.35 and 106.06. In case of correction upwards, we’ll define possible targets near the levels of 106.76 and 109.92.
AUDUSD beautifully works out the upward channel, so today we will consider the continuation of the upward movement as the main scenario. From the current price of 0.6564, the nearest targets at the top can be the levels of 0.6591 and 0.6629. In case of correction downwards, we will define possible target levels around 0.6523 and 0.6493.
USDRUB is declining faster than we planned, and today the pair has all chances to identify new monthly lows. Levels 72.17 and 71.75 today can be reached. The upper border of the price for today we’ll determine around the level of 74.00.
USDCAD has worked out all the lower target levels and is now approaching the monthly minimum at 1.3855. There is potential for new lows, so the levels of 1.3821 and 1.3795 may become lower targets for today. If the breaking through 1.3855 downwards does not occur, then we will plan a rebound to the levels of 1.3879 and 1.3897.
Gold is consolidating in the range between the levels of 1716.00 and 1700.00. Today we will consider the movement of the instrument within these limits as the main scenario. But in case the instrument moves out of the range upwards, we will consider possible targets near the levels of 1720.00 and 1724.00. In case the instrument goes out of the range downwards, we will consider possible targets near the levels 1692.00 and 1688.50.
Brent yesterday left the downward channel, breaking through its upper border, but the current price of 26.50 may become the upper limit of the current week. Therefore, today, as the main scenario, we will plan a decline of the instrument to the levels of 25.69 and 24.80. In case of further upward movement, we’ll define possible targets near the levels of 27.52 and 28.00.
Bitcoin has updated a 2-month high and is now trading near the level of 9377.00. The growth potential is not yet exhausted, and next targets at the top can be the levels of 9505.00 and 9846.00. In case of a downward price correction, possible targets would be levels 9128.00 and 8963.00.
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Forecasts should not be considered as guidance for trading.