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The dollar index failed to stabilize below 101.14 levels and rose to retest 101.61 levels, and therefore, if it manages to break it, we expect more rises for the correction to 102.03 levels, while in case it continues to fall and manages to break 101.07 levels, the next drop target will be 100.64 levels.
XAU-USD
Gold traded sideways yesterday, above 2015.02 levels, and if it managed and closed below it, we expect to enter the correctional decline to retest the 2003.45 levels, and if it is broken, the correction will be to a further level, which is 1987.85 levels, but if it continues to rise and break 2032.00 levels, the next target for the rise will be 2050.52 levels.
Brent Crude
Brent crude is still trading in a sideways range with a very weak acceleration, and therefore if it managed to fall and close below 83.01 levels, we expect the beginning of the bearish correction to 80.24 levels, but if it managed and returned to the rise and closed above 85.62 levels, the next target for the rise will be 86.47 levels.
EUR-USD
The pair fell in yesterday’s trading, but it was not satisfied with retesting 1.09151 levels, and in the event that it continued to fall and broke 1.08806 levels, the target for the drop will be 1.08587 levels, but in the case of stabilization above 1.08806 levels, and closed the highest levels of 1.09151 again, we expect more rises to 1.09151 levels. 1.09725
GBP-USD
Yesterday, the pair traded in a range, with a very weak acceleration, but it closed below 1.24519 levels, and in the event of stability below it, we expect more declines until 1.24015 levels, for correction, and if the pair manages to break it, the next drop target will be 1.23707 levels.
USD-CAD
The pair continues to trade sideways, but it managed to close above the EMA 50 in the hourly timeframe and achieved higher small bottoms away from the lower boundary of the range, and therefore if it manages to break 1.34906 levels, the target for the upward correction will be 1.35090 levels. If it fails to break 1.34906, we expect it to drop to 1.34100.
Dow Jones
The Dow index was able to stabilize below 33500 levels, despite trading sideways, but we expect more declines until 33250 levels, and if it succeeds and breaks it, the target for the drop will be 33016 levels.
