USDCHF continues to move within descending wave with target of 102.30. After that, I will watch for pullback to 102.70. In case it happens, I will expect another descending wave with 101.70 as a short-term target and 100.50 as an intermediate target.
AUDUSD has performed growing impulse with correction. Scenario for today is possible ascending wave with 0.9374 as a target. After that. I expect price to get back to 0.9335. And, finally, I will expect to see another growing structure with 0.9400 as a target.
I view chart of Russian rouble as a declining structure with further breakout of 35.36. After that I will expect to see resumed downtrend with hitting 34.90. In case it happens, I will watch for test of 35.36 from below. And, finally, I expect to see descending impulse with 34.76 as a target.
Gold had probably completed its correctional move to 1300. For today, I will expect decline to 1275. After that, I will watch for another possible correctional move to 1300. And, after that, I will expect development of another 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.