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Forex Technical Analysis Forecast 07.06.2022

EURUSD, Euro vs US DollarEURUSD has completed the descending wave at 1.0675 and may later correct up to 1.0710. After that, the instrument may resume falling to break 1.0640 and then continue moving within the downtrend with the target at 1.0585.GBPUSD, Great Britain Pound vs US DollarHaving rebounded from 1.2560, GBPUSD is forming a new descending structure towards 1.2390 and may later break this level. After that, the instrument may continue trading downwards with the shortterm target at 1.2233.USDJPY, US Dollar vs Japanese YenAfter breaking the consolidation range to the upside at 131.50, USDJPY is expected to continue moving within the uptrend with the target at 136.33. Possibly, today the pair may grow towards 133.13 and then fall to return to 131.50. Later, the market may resume trading upwards to reach 133.50.USDCHF, US Dollar vs Swiss FrancHaving broken 0.9640, USDCHF continues trading towards 0.9727. After that, the instrument may correct to return to 0.9640 and then resume growing with the target at 0.9810.AUDUSD, Australian Dollar vs US DollarAUDUSD has completed the descending wave at 0.7160 along with the correction up to 0.7222. Today, the pair may form a new descending structure to break 0.714 and then continue falling with the target at 0.7070.BRENTBrent has finished the correction at 120.20. Possibly, today the asset may resume growing to break 123.23 and then continue trading upwards with the target at 126.00, or even extend this structure up to…

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