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Forex Technical Analysis Forecast 05.05.2022

EURUSD, Euro vs US DollarAfter breaking 1.0580 to the upside, EURUSD is expected to correct up to 1.0670. Later, the market may form a new descending structure to return to 1.0580 and then start another growth with the target at 1.0696.GBPUSD, Great Britain Pound vs US DollarHaving broken 1.2580 upwards, GBPUSD is expected to correct up to 1.2709. After that, the instrument may fall to return to 1.2580 and then resume moving upwards with the target at 1.2750.USDJPY, US Dollar vs Japanese YenUSDJPY has broken 129.48 downwards and may later correct to reach 128.55. After that, the instrument may grow to return to 129.48 and then start another decline with the target at 127.78.USDCHF, US Dollar vs Swiss FrancHaving completed the descending impulse at 0.9744, USDCHF is consolidating around this level. Later, the market may break the range to the downside and resume the correction with the target at 0.9640.AUDUSD, Australian Dollar vs US DollarAfter breaking 0.7156 upwards. AUDUSD has reached the shortterm correctional target at 0.7240. Possibly, today the pair may resume falling to return to 0.7156 and then start a new growth with the target at 0.7277.BRENTBrent has broken 110.25 to the upside; right now, it is still moving upwards with the shortterm target at 115.60. After that, the instrument may fall towards 110.30 and then resume trading upwards with the target at 117.00.XAUUSD, Gold vs US DollarAfter breaking 1883.60 to the upside, Gold continues growing with the…

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