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Forex Technical Analysis Forecast 11.05.2022

EURUSD, Euro vs US DollarEURUSD is still consolidating around 1.0530. If later the price breaks this range to the downside, the market may form a new descending structure with the target at 1.0462; if to the upside start another growth towards 1.0610 or even break this level to extend the structure up to 1.0676.GBPUSD, Great Britain Pound vs US DollarGBPUSD is consolidating around 1,2338. Possibly, the pair may expand the range down to 1.2260 and then start another correction towards 1.2450.USDJPY, US Dollar vs Japanese YenUSDJPY is forming a new consolidation range around 130.15. If later the price breaks this range to the upside, the market may form one more ascending structure with the target at 131.66; if to the downside resume falling to reach 129.00.USDCHF, US Dollar vs Swiss FrancUSDCHF is consolidating below 0.9966. Possibly, the pair may form a new descending structure with the target at 0.9860 and then start another growth towards 1.0005.AUDUSD, Australian Dollar vs US DollarAUDUSD is consolidating above 0.6930. If later the price breaks this range to the downside, the market may form a new descending structure with the target at 0.6868 and then start another growth towards 0.7003.BRENTBrent completed the descending wave at 101.60; right now, it is growing towards 107.24. After that, the instrument may correct to reach 104.30 and then resume trading upwards with the target at 112.66.XAUUSD, Gold vs US DollarAfter completing the correction towards 1832.32, Gold…

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