Analysis for July 6th, 2015
EUR USD, “Euro vs US Dollar”
The market was opened with a gap down. We think, today, the price may try to eliminate the gap and then continue falling to reach a new low. The target is at level of 1.0930. After that, the pair may return to level of 1.1182.
GBP USD, “Great Britain Pound vs US Dollar”
Pound’s reaction to the Greek referendum was a gap down. We think, today, the price may extend this wave with the target at level of 1.5500 and then grow to return to level of 1.5717 or even 1.5940. Later, in our opinion, the market may continue falling inside the downtrend.
USD CHF, “US Dollar vs Swiss Franc”
The market was opened with a slight gap up; Franc is still consolidating. Possibly, the price may fall towards level of 0.9360 and then may grow to reach level of 0.9545. Later, in our opinion, the market may continue falling inside the downtrend.
USD JPY, “US Dollar vs Japanese Yen”
The market was opened with a gap down. We think, today, the price may eliminate the gap at level of 123.07 and then continue falling towards level of 121.66. Later, in our opinion, the market may grow to return to level of 123.00 and then start another descending movement. The predicted target is at level of 120.20.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has reached its downside target; the market has formed an ascending impulse and corrected it. We think, today, the price may form another ascending impulse. After breaking the maximum of the first impulse, the pair is expected to form a wave to return to level of 0.7676.
USD RUB, “US Dollar vs Russian Ruble”
The market was opened with a gap up. We think, today, the price may consolidate above level of 55.50 and test it from above. After that, the pair may continue growing to reach level of 58.50.
XAU USD, “Gold vs US Dollar”
Gold has reached its minimum upside target and returned to the broken channel. We think, today, the price may grow to reach level of 1178 and then continue falling inside the downtrend towards level of 1140.
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