EURUSD continues growth attempts, but the level of 1.1000 is still holding positions. As an indicator for today, we denote the range of movement between the levels of 1.0949 and 1.0990. If the pair leaves the range downward, the possible target levels will be 1.0921 and 1.0898. If the pair leaves the range upward, we will consider possible target levels around 1.1018 and 1.1032, but first the price should get a foothold above 1.1004.
GBPUSD after unconvincing growth to one of the upper target levels still worked out the scenario of decline and is now trading near the lower target level, that we set yesterday. Today we will consider a sufficiently large triangle on D1, from the upper border of which the British pound has bounced down. For decline the pair has enough space, and after the price gets a foothold below the level of 1.2190, we will look for possible target levels of decline around 1.2156 and 1.2122. If a strong impulse appears for growth above the border of the triangle, then after the level of 1.2248 we will look for possible targets near the levels of 1.2269 and 1.2290.
USDCHF mirrored yesterday’s movements of the European currency and worked out a decline scenario, which made it possible to form a downward channel on H4. In the coming hours we will expect the pair to growth from the current price of 0.9664 to the levels of 0.9682 and 0.9708, with a further reversal downward. In case of breaking through the level of 0.9654 in the direction of lowering, we will determine possible target levels near 0.9639 and 0.9626.
USDJPY did not make new growth attempts to 108.00 and worked out a scenario of decline to the target levels, that we set yesterday. Today we will consider the triangle on D1, near the lower border of which the pair is now trading. As the main plan for today, we will expect the Japanese yen to grow from the current price of 107.62 to levels of 107.78-107.98, after which we can consider further growth to 108.18. In case of breaking through the lower border of the triangle in the direction of lowering, we will define possible target levels near 107.38 and 107.22.
AUDUSD made an attempt to gain a foothold above 0.6600, but eventually rolled back to yesterday’s morning levels around 0.6565. Now the pair is making attempts to exit the upward channel on H4 towards the downside. So far, the level of 0.6549 keeps the Australian dollar from further decline, so we will focus on it. If the pair can consolidate below, then we will look for possible targets near the levels of 0.6522 and 0.6509. If the pair returns to the borders of the channel, then we will consider the possibilities for moving towards 0.6602 and 0.6629.
USDRUB exceeded our expectations and approached 3-month lows near the level of 71.00. The next targets for decline of the pair can be levels 70.93 and 70.41, however today we will plan an upward correction with borders around 72.26-72.45.
USDCAD marked the lower limit of its current opportunities at 1.3869, which allowed the formation of a triangle on D1. Now the pair has rebounded to the level of 1.3938, which is the upper border of the short-term range between 1.3938 and 1.3926. If the price moves out of the range upwards, the possible target levels are 1.3961 and 1.3982. If the price goes out of the range towards the downside, we will look for possible targets near the levels of 1.3897 and 1.3869.
Gold corrected the upward channel on D1, and now its lower border is the level of 1737.73. Now the instrument is being traded near the lower border of the channel, which today can become a support for further price growth to the levels of 1751.35 and 1760.43. If the price can break through the channel downward, then after the level of 1733.19 we will look for targets near the levels of 1728.65 and 1725.85.
Brent is gradually approaching 3-month highs, but today we will plan a correction downwards. From the current price of 36.86 the nearest decline targets may be the levels of 36.15 and 35.44. If growth continues without correction, then we will look for possible targets around levels 37.57 and 38.01.
Bitcoin continues its calm downward correction. Today we will consider the descending channel on H4 with the upper border near the level of 9770.00 and the lower border near the level of 9270.00. From the current price of 9490.00 we will plan an upward movement after the level of 9606.00, and a downward movement will become relevant after the level of 9420.00.
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Forecasts should not be considered as guidance for trading.