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Forex Technical Analysis Forecast 06.05.2022

EURUSD, Euro vs US DollarAfter finishing the descending impulse at 1.0555, EURUSD is consolidating around this level. If later the price breaks this range to the downside, the market may form a new descending structure with the target at 1.0464; if to the upside start another growth towards 1.0673 and then resume falling to reach the abovementioned target.GBPUSD, Great Britain Pound vs US DollarHaving broken 1.2500 downwards and completed the descending wave at 1.2323, GBPUSD is consolidating around the latter level. If later the price breaks this range to the downside, the market may form a new descending structure with the target at 1.2222; if to the upside start another growth towards 1.2577 and then resume falling to reach the abovementioned target.USDJPY, US Dollar vs Japanese YenAfter finishing the ascending wave at 129.55 and then forming a new consolidation range around this level, USDJPY has broken it upwards to extend this wave up to 130.67. Today, the pair may start a new correction with the target at 129.55.USDCHF, US Dollar vs Swiss FrancHaving completed the ascending wave at 0.9888, USDCHF is consolidating below this level. If later the price breaks this range to the downside, the market may start a new decline with the target at 0.9777; if to the upside form one more ascending structure towards 0.9990.AUDUSD, Australian Dollar vs US DollarAfter finishing the descending wave at 0.7100, AUDUSD is consolidating above this level. If later the price breaks…

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