Analysis for December 9th, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has reached the target at 1.06 and right now is consolidating. If later the market breaks this range to the downside, the downtrend may continue towards 1.04; if to the upside – start another correction to reach 1.0770.
GBP USD, “Great Britain Pound vs US Dollar”
Being under pressure, the GBP/USD pair is moving downwards. We think, today the price may reach 1.2476. Later, in our opinion, the market may grow with the target at 1.2630 or even higher 1.2800.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has reached its upside target at 1.0177 and right now is forming another consolidation range. If later the market breaks this range to the upside, it may grow with the target at 1.03; if to the downside – start another correction towards 1.0050.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is consolidating at the top of the ascending wave. Possibly, today the market may grow to reach 115.20. After that, the instrument may fall towards 112.30.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has returned to the center of its consolidation range and right now is forming another ascending structure with the target at 0.7550. Later, in our opinion, the market may continue falling inside the downtrend towards 0.7100.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has broken its consolidation range to the downside. Possibly, today the market may continue falling inside the downtrend towards 62.35. After that, the instrument may be corrected to return to 63.65 and then continue moving downwards to reach the local target at 61.00.
XAU USD, “Gold vs US Dollar”
Gold is still moving in the center of the consolidation channel. Possibly, today the market may grow to reach 1188. After that, the instrument may fall towards 1173.
BRENT
Brent is forming the ascending structure with the target at 55.20. Later, in our opinion, the market may fall to reach 54.20 and then resume growing with the local target at 56.
RoboForex Analytical Department
