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Forex Technical Analysis Forecast 29.04.2022

EURUSD, Euro vs US DollarAfter finishing the descending wave at 1.0470 and forming a new consolidation range around 1.0515, EURUSD is expected to break it to the downside and reach 1.0466. Later, the market may start a new correction towards 1.0600 and then resume trading downwards with the target at 1.0515.GBPUSD, Great Britain Pound vs US DollarHaving completed the descending wave at 1.2441 and forming a new consolidation range around 1.2488, GBPUSD may break it to the downside and reach 1.2377. After that, the instrument may start another correction with the target at 1.2566.USDJPY, US Dollar vs Japanese YenUSDJPY is forming a new descending wave towards 130.13 and may later resume growing to reach 130.74. After that, the instrument may start another decline with the target at 129.10.USDCHF, US Dollar vs Swiss FrancHaving completed the ascending wave at 0.9758 along with the descending impulse towards 0.9699, USDCHF is forming a new consolidation range above the latter level. Today, the pair may break the range to the downside and resume falling with the target at 0.9639 or even extend this structure down to 0.9575.AUDUSD, Australian Dollar vs US DollarAUDUSD has finished the descending wave at 0.7054. Possibly, today the pair may correct towards 0.7133 and then resume falling to reach 0.7049. After that, the instrument may grow with the target at 0.7250.BRENTBrent has broken 106.06; right now, it continues growing towards 109.10. Later, the market may correct to return…

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