Currencies are believed to move in cycles, which means that one may try to estimate and predict their future fluctuations. Technical analysis helps to look into behavior of currency pairs on the basis of traded value, movement direction, investors’ common interests, and fluctuations history.
AUDUSD is consolidating around 0.6881.
USDJPY is trading downwards.
USDCHF is still consolidating above 0.9960.
GBPUSD has reached the short-term of the third descending wave.
EURUSD has formed the consolidation range above 1.1283 and broken it downwards.
Brent is trading downwards.
Gold has broken the range downwards and reached 1320.00; right now, it is being corrected to the upside.
USDRUB is forming the second descending impulse with the target at 64.46.