USDCHF continues to move within descending wave with target of 102.30. After that, I will watch for pullback to 102.68. In case it happens, I will expect another descending wave with 99.30 as a target.
AUDUSD is forming consolidation in the form of triangle. As a basic scenario, I will expect breakout to the upside with continuation of the growth and visiting 0.9510. As an alternative, I do not exclude breakout to the downside. In this case, I will view current structure as continuation pattern.
Russian rouble had violated 36.00. I will watch for correctional move as a basic scenario with target of 34.70. Current descending structure indicates possibility of continuation of the downtrend.
Gold is probably continuing to build consolidation. For today, I expect decline with 1275 as a target. After that, I expect pullback to 1300. In case it happens, I will expect descending wave with 1255 as a target.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
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