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Forex Technical Analysis Forecast 30.05.2022

EURUSD, Euro vs US DollarAfter forming a new consolidation range around 1.0700, EURUSD is expanding it up to 1.0761 and may later fall to return to 1.0700. If the price breaks this range to the upside, the market may continue the correction up to 1.0820; if to the downside resume moving within the downtrend with the target at 1.0626.GBPUSD, Great Britain Pound vs US DollarGBPUSD has formed a new consolidation range around 1.2610. If later the price breaks this range to the upside, the market may start a new decline towards 1.2750; if to the downside resume moving within the downtrend with the target at 1.2466.USDJPY, US Dollar vs Japanese YenUSDJPY is still consolidating around 126.88 without any particular direction. Possibly, the pair may fall towards 126.44 and then start a new growth to return to 126.88. Later, the market may resume trading downwards with the target at 126.20.USDCHF, US Dollar vs Swiss FrancUSDCHF is consolidating above 0.9550. Today, the pair may grow to break 0.9600 and then continue trading upwards with the target at 0.9750.AUDUSD, Australian Dollar vs US DollarAfter completing the ascending wave at 0.7131 and forming a new consolidation range around this level, AUDUSD has broken it to the upside and may continue trading upwards to reach 0.7222. Later, the market may start another decline to break 0.7131 and then continue falling with the target at 0.7030.BRENTAfter reaching 119.09, Brent is expected to extend this structure up to 119.36. Later,…

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