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Forex Technical Analysis Forecast 05.01.2022

EURUSD, Euro vs US DollarAfter reaching the shortterm downside target at 1.1272, EURUSD has finished the ascending structure towards 1.1321. Possibly, today the pair may fall to reach 1.1254 and then form one more ascending structure with the target at 1.1322.GBPUSD, Great Britain Pound vs US DollarGBPUSD has expanded its range up to 1.3555. Today, the pair may form a new descending wave towards 1.3478 and then resume trading upwards with the target at 1.3519. After that, the instrument may start another decline to reach 1.3407.USDRUB, US Dollar vs Russian RubleUSDRUB has expanded its range up to 75.50. Possibly, the pair may fall to break 74.74 and then continue trading downwards with the first target at 73.97.USDJPY, US Dollar vs Japanese YenUSDJPY has finished the ascending wave at 116.33. Possibly, today the pair may resume falling with the first target at 115.63.USDCHF, US Dollar vs Swiss FrancUSDCHF has completed the descending wave at 0.9131 along with the ascending structure towards 0.9167. Today, the pair may form a new descending structure to reach 0.9130 and then resume trading upwards with the target at 0.9212.AUDUSD, Australian Dollar vs US DollarAUDUSD is still correcting towards 0.7158. Later, the market may resume trading upwards to reach 0.7317 and then start another decline with the target at 0.7080.BRENTBrent is consolidating around 79.00 without any specific direction. Possibly, today the asset may expand the range up to 81.55 and then start a new…

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