Analysis for April 2nd, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still being corrected. According to the main scenario, the price may continue falling to reach the next target at 1.0615 and then return to level of 1.0830. After that, the pair may continue falling inside the downtrend.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still consolidating. If the market breaks this channel downwards – it may reach level of 1.4628; if upwards - reach level of 1.5030. After that, the pair may resume falling towards level of 1.4400.
USD CHF, “US Dollar vs Swiss Franc”
Franc has reached the target of its correction. We think, today the price may start forming another ascending wave with the target at level of 0.9818. After reaching it, the market is expected to resume falling inside the downtrend.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming a descending impulse. We think, today the price may reach a new low and continue falling towards level of 118.87. Later, in our opinion, the market may test level of 119.43 from below, and then continue moving downwards to reach the main target of this wave at level of 117.50.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still moving inside a descending channel towards the target at level of 0.7510. Possibly, the pair may return to level of 0.7735. After that, the price may fall to reach the above-mentioned target and then return to level of 0.7927.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still moving downwards; the main target is at level of 55.00. After reaching it, the pair may return to level of 58.00 and then start another descending movement towards level of 48.00.
XAU USD, “Gold vs US Dollar”
Gold has formed an ascending structure; which may be considered as a correction of the previous descending impulse. We think, today the price may fall to break the minimum of this impulse and then continue moving towards the target at level of 1113.
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