Analysis for March 18th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar continues moving downwards; so far this descending movement may be considered as a correction. We think, today the price may define the lower border of its consolidation channel. If the market breaks this channel upwards, it may continue growing to expand the current trading range.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still moving downwards. We think, today the price may fall towards level of 1.4645 and then form new borders of its consolidation channel.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still consolidating. We think, today the price may reach a new high and then start falling to break the minimum. The pair is expected to start a correction towards level of 0.9255.
USD JPY, “US Dollar vs Japanese Yen”
Yen also continues consolidating. We think, today the price may fall to reach level of 120.30 and then grow to return to level of 121.15.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still moving inside a descending channel to reach a new low at level of 0.7510. Later, in our opinion, the market may consolidate and form a reversal structure, or even start a correction.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still consolidating without any particular direction. The price is expected to continue falling towards level of 57.40 and then grow to return to level of 64.00.
XAU USD, “Gold vs US Dollar”
Gold is falling. We think, today the downtrend may continue towards level of 1113.
RoboForex Analytical Department