USDCHF continues to move within descending wave with target of 102.30. After this target is hit, I will expect correction to 102.68. In case it happens, downtrend can be resumed with 99.30 as target.
AUDUSD is continuing to move within ascending structure and 0.9335 as target. I assume that 3rd growing wave will develop with visiting 0.9375. After that, decline back to 0.9340 is possible. In case it happens, growth to 0.9400 will be the possible scenario.
Russian rouble continues to trade within narrow consolidation. Price can emerge from this consilodation with hitting 36.00.
After that, I will expect continuation of descending structure with 34.70 as a target.
Gold continues to develop within another descending structure. Price can visit 1275, after that I will watch for retracement to 1300. Then, descending structure with 1255 as target is anticipated.
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.