Analysis for June 1st, 2016
Eurodollar has expanded its consolidation range upwards and right now is falling to expand its downwards as well. The market is expected to test 1.1146 very soon. After that, the pair may move downwards and expand the channel towards 1.1100.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”Being under pressure, Pound is falling. We think, today the price may form the third descending impulse to reach 1.4686. After that, the pair may be corrected towards 1.4505 and then fall with the target at 1.4300.
USD CHF, “US Dollar vs Swiss Franc”Franc is returning to 0.9924. Later, in our opinion, the market may grow towards 0.9960. If the pair falls and breaks 0.9885, it may start a new correction with the target at 0.9800.
USD JPY, “US Dollar vs Japanese Yen”Yen is falling quite fast. We think, today the price may be corrected towards 108.90 and then grow to reach 111.80.
AUD USD, “Australian Dollar vs US Dollar”Australian Dollar has broken its consolidation range upwards and may continue growing to expand it and reach 0.7324.
USD RUB, “US Dollar vs Russian Ruble”Russian Ruble is moving in the center of its consolidation range, which may be considered as the flag correctional pattern, and forming another ascending structure towards to reach 67.62. Later, in our opinion, the market may fall towards 63.30.
XAU USD, “Gold vs US Dollar”Being under pressure, Gold is moving upwards. We think, today the price may reach 1222 to test it from below and then fall towards 1200.
RoboForex Analytical Department
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