Analysis for June 6th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar has started a new consolidation channel at the top of the ascending wave. After breaking this channel downwards, the pair may form another descending wave to return to 1.1100.
GBP USD, “Great Britain Pound vs US Dollar”
The market was opened with a gap down and Pound reached another downside target. Possibly, today the price may extend this structure to reach 1.4300. After that, the pair may grow to reach the upside border of this consolidation range.
USD CHF, “US Dollar vs Swiss Franc”
Franc has started another consolidation channel. We think, today the price may move upwards to break 0.9955. Later, in our opinion, the market may continue growing inside the consolidation channel towards 1.0500.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming another descending wave with the main target at 104.00. We think, today the price may test 109.06 from below and then continue falling to reach the next target at 106.20.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming another consolidation range. We think, today the price may break its low and then continue falling towards 0.7130.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble has finished the flag
correctional pattern and right now is still falling. We think, today the price may break the correctional channel and continue falling inside the downtrend. The next target is at 63.50.
XAU USD, “Gold vs US Dollar”
Gold is forming another consolidation range. We think, today the price may break its low and then continue falling to reach 1200.
RoboForex Analytical Department