Yesterday EUR/USD currency pair widened its consolidation range upward and gave itself a chance to rise to 1.1375. But at the close of the day we saw signs of a reversal pattern within the decline. The pair corrected to 1.1284 and at the moment we consider a possible downward move to break through 1.1240. If the decline resumes and reaches 1.1200, this will give the pair a chance to work out 1.1100 level. Therefore, today we consider the decline as the basic scenario whereas it is unlikely the pair will rise.
GBP/USD currency pair is trading almost within a downward structure along the trend. The first target is 1.3150. Also, we can see a correction move towards 1.3300. At last, there is possibility to move down and reach the 1.2800 level. The target is a local one.
USD/CHF pair has widened its consolidation range and moved somewhat upwards. Practically, this gave US Dollar strength to rise. For today, we can expect an upward movement towards 0.9800. Also, we’d anticipate a consolidation range. If it is broken upwards, we will consider a descending move towards 0.9940.
USD/JPY currency pair has worked out the low of the correction wave. For today, we will consider the pair to fall further towards 101.18 level. If it is broken downwards, the pair can gain strength to work out 98.00.
AUD/USD currency pair has worked out a powerful descending impulse and is trading within a consolidation range at the moment. If this range is broken through downwards, we can see the downtrend continues and reaches 0.7580. The first downside target is 0.7400.
USD/RUB currency pair keeps trading within the channel of the descending wave. The target here is 62.95. We won’t exclude another way for the pair move down – a correction move towards 64.00 and testing this level from below.
Gold has broken through the consolidation range downwards. We consider continuation of the correction move towards 1329. Then there is another option – a rise towards 1355.
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