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Forex Technical Analysis Forecast 12.01.2022

EURUSD, Euro vs US DollarHaving completed the descending wave at 1.1313 and rebounding from this level, EURUSD is still growing and has already reached 1.1363; right now, it is consolidating around the latter level. Later, the market may break the range to the upside and form one more ascending structure with the shortterm target at 1.1414.GBPUSD, Great Britain Pound vs US DollarAfter finishing the descending wave at 1.3560 and rebounding from this level, GBPUSD is still growing towards 1.3656. After that, the instrument may correct to reach 1.3600 and then start another growth with the target at 1.3680.USDRUB, US Dollar vs Russian RubleUSDRUB has completed the descending wave at 74.63. Possibly, today the pair may correct to reach 75.25 and then resume trading downwards with the shortterm target at 73.45.USDJPY, US Dollar vs Japanese YenAfter completing the correctional wave at 115.60, USDJPY is falling towards 114.90. Later, the market may resume growing to return to 115.60.USDCHF, US Dollar vs Swiss FrancUSDCHF is correcting towards 0.9180. After that, the instrument may resume trading upwards with the shortterm target at 0.9364.AUDUSD, Australian Dollar vs US DollarAUDUSD is growing towards 0.7229 and may later correct to reach 0.7190, thus forming a new consolidation range around the latter level. If the price breaks this range to the downside, the market may form a new descending structure towards 0.7080; if to the upside resume growing with the target at…

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