AUD Prepares for Correction: A Comprehensive Look at EUR, GBP, JPY, CHF, Brent, Gold, and S&P 500

EUR/USD (Euro vs US Dollar)

EUR/USD (Euro vs US Dollar)
EUR/USD (Euro vs US Dollar)

EUR/USD has established a consolidation range around 1.0944. A breakout to the upside indicates a growth structure forming to 1.1020. Following this, a correction to 1.0944 (a test from above) is anticipated, followed by a climb to 1.1033. It's crucial to note that any upward movement is viewed as a potential extension of the growth structure, with the possibility of a sudden reversal in trend.

GBP/USD (Great Britain Pound vs US Dollar)

GBP/USD (Great Britain Pound vs US Dollar)
GBP/USD (Great Britain Pound vs US Dollar)

GBP/USD formed a narrow consolidation range around 1.2608. Breaking above, it surged to 1.2732. A corrective link to 1.2680 (a test from above) may occur today. After the correction, the price might ascend to 1.2764. Subsequently, a decline wave to 1.2600 could commence, representing the first target.

USD/JPY (US Dollar vs Japanese Yen)

USD/JPY (US Dollar vs Japanese Yen)
USD/JPY (US Dollar vs Japanese Yen)

USD/JPY corrected to 146.73. A consolidation range is expected to form at the current lows today. With an upward breakout, a growth wave to 148.20 could initiate, marking the first target.

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USD/CHF (US Dollar vs Swiss Franc)

USD/CHF (US Dollar vs Swiss Franc)
USD/CHF (US Dollar vs Swiss Franc)

USD/CHF established a consolidation range around 0.8813. Breaking below, it concluded a decline wave, reaching 0.8757. Today, a decline link to 0.8753 is plausible, followed by an upward movement to 0.8830, marking the first target.

AUD/USD (Australian Dollar vs US Dollar)

AUD/USD (Australian Dollar vs US Dollar)
AUD/USD (Australian Dollar vs US Dollar)

AUD/USD formed a consolidation range around 0.6608. Breaking upward, it completed a wave, reaching 0.6673. A corrective link to 0.6611 might follow today, after which the price could rise to 0.6695.

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BRENT

BRENT
BRENT

Brent found support at 79.79 and completed a growth impulse to 82.00. Today, it might consolidate below this level. An upward breakout opens the potential for growth to 83.80, with the trend continuing to 88.20, representing a local target.

XAU/USD (Gold vs US Dollar)

XAU/USD (Gold vs US Dollar)
XAU/USD (Gold vs US Dollar)

Gold formed a consolidation range around 2011.55. Breaking upward, it climbed to 2051.88. A corrective link to 2011.55 is expected today, followed by a potential rise to 2033.00.

S&P 500

S&P 500
S&P 500

The stock index completed a growth link to 4570.0 and corrected to 4545.0. A growth link to 4572.0 could form today, followed by a downward movement to 4530.0, marking the first target.

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