Tuesday’s FX Technicals: EUR/USD, GBP/USD, USD/CHF, USD/JPY
RoboForex | Apr 22, 2014 11:52AM ET
EUR/USD
Euro broke its consolidation channel downwards and today may continue falling down towards level of 1.3750. Later, in our opinion, instrument may move upwards and return to level of 1.3800.
GBP/USD
Pound is still moving upwards and forming ascending structure with target at level of 1.6905; right now market is consolidating. If it breaks this consolidation channel upwards, price will reach above-mentioned target. Alternative scenario implies that pair may leave this channel downwards and reach level of 1.6715.
USD/CHF
Franc is still forming ascending structure with target at level of 0.8800. We think, today price may reach this level, and then start falling down again towards level of 0.8830. Later, in our opinion, instrument may form another ascending structure to renew maximum of this ascending wave.
USD/JPY
Yen is still moving inside ascending structure with target at level of 103.00. We think, today price may fall down towards level of 102.20 and then start moving upwards to complete this correction. Later, in our opinion, instrument may continue falling down toward level of 100.00.
AUD/USD
Australian Dollar is returning towards level of 0.9370. Later, in our opinion, instrument may start forming new descending wave toward next target at level of 0.9286.
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USD/RUB
Ruble continues moving upwards. We think, today price may reach target at level of 35.81 and then form another descending structure toward level of 34.78. Later, in our opinion, instrument may continue growing up to reach level of 36.00.
XAU/USD
Gold stopped near lower border of its consolidation channel and is still not traded due to the Easter. After market opening, we think price may continue forming ascending structure towards target at level of 1357.
RoboForex Analytical Department
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