Wednesday, December 7, 2016
Forex Technical Analysis 07.12.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
The GBP/USD pair is moving downwards with the target at 1.2555. After that, the instrument may start growing to reach 1.2968.
The USD/CHF pair is forming another ascending wave to reach 1.0172. Later, in our opinion, the market may fall towards 1.011.
The USD/JPY pair is moving upwards with the target at 114.76. After that, the instrument may fall towards 112.50.
The AUD/USD pair is falling towards the downside border of its consolidation range. We think, today the price may reach 0.7370. Later, in our opinion, the market may grow towards 0.7550.
The USD/RUB pair is consolidating. Possibly, today the market may fall to break 63.40 and then reach 62.00. After that, the instrument may return to 63.40.
Being under pressure, Gold is falling. Possibly, today the market may reach 1155 and then start growing towards 1222.
Being under pressure, Brent is still moving downwards. Possibly, today the market may to reach 53. After that, the instrument may continue growing with the local target at 56.
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