Forex Technical Analysis & Forecast 07.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has broken the consolidation channel upwards and is still moving according to an alternative scenario, which implies that the pair may continue the correction. Possibly, today the price may fall towards 1.1725 and then grow to reach 1.1810. Later, the market may form a new descending wave with the first target at 1.1660.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has broken the consolidation channel upwards as well. Today, the price may grow towards 1.3450. After that, the instrument may fall to reach 1.3330 and then grow towards 1.3390, thus forming a new consolidation range. If later the pair breaks this range to the downside, the market may continue falling inside the downtrend with the first target at 1.3130.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating. If later the pair breaks this range to the upside, the market may grow towards 0.9960; if to the downside – continue the correction to reach 0.9800.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading downwards. Possibly, today the price may reach 109.17 and then start another growth towards 109.71. Later, the market may continue falling with the target at 107.90.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading close to the upside border of the range. Today, the price may fall towards 0.7616 and then grow to reach 0.7650. After that, the instrument may start another decline with the target at 0.7560.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is falling towards 61.50. Possibly, the price may break this level and then continue trading to the downside with the short-term target at 60.82. Later, the market may start a new growth to return to 61.50 and then resume falling to reach 60.25.

XAUUSD, “Gold vs US Dollar”

Gold is being corrected. Possibly, today the price may fall towards 1291.00 and then grow to reach 1301.00. After that, the instrument may resume trading to the downside to break 1288.00 and then continue this decline to reach 1275.00.

BRENT

Brent has finished the ascending impulse along with the correction. Today, the price may another ascending impulse to reach 76.40. After that, the instrument may break this level and then continue trading to the upside towards the short-term target at 79.22.