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Friday's FX Outlook

Published 01/17/2014, 09:20 AM
Updated 03/16/2022, 05:50 AM
EUR/USD
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GBP/USD
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USD/JPY
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USD/CHF
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AUD/USD
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GC
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EUR/USD

Euro is still forming consolidation channel. We think, today price may continue growing up to break level of 1.3700, consolidate for a while, and then move upwards to reach target at 1.3800.

<span class=EUR/USD" title="EUR/USD" height="480" width="640">

GBP/USD

Pound is still falling down. We think, today price may reach level of 1.6300 and then start new ascending movement towards level of 1.6430.

<span class=GBP/USD" title="GBP/USD" height="480" width="640">

USD/CHF

Franc is also falling down. We think, today pair may continue forming its descending wave with target at 0.8900. This wave may be considered as continuation of descending movement towards level of 0.8300.

<span class=USD/CHF" title="USD/CHF" height="480" width="640">

USD/JPY

Yen is still consolidating near level of 104.35. Later, in our opinion, price may form new descending structure to reach level of 103.00.

<span class=USD/JPY" title="USD/JPY" height="480" width="640">

AUD/USD

Australian Dollar continues moving inside descending structure with target at 0.8750. After reaching it, pair may consolidate near it for a while and then continue moving downwards to reach target at 0.8400.

<span class=AUD/USD" title="AUD/USD" height="480" width="640">

GOLD

Gold is still moving below level of 1248.88. We think, today price may grow up to break this level and expand its trading range upwards. Later, in our opinion, instrument may continue its ascending movement towards target at 1277.

Gold And The USD
RoboForex Analytical Department

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