EUR/USD (Euro vs US Dollar):
EUR/USD has undergone the initial downward impulse, reaching 1.1073, followed by a correction to 1.1112. Subsequently, a new descending wave has commenced, initiating from 1.1112 and targeting 1.1055. The recent breach of the low from the first descending wave indicates a potential consolidation around 1.1055. A breakout below this range could extend the decline to 1.1020, representing a local target.
GBP/USD (Great Britain Pound vs US Dollar):
Having completed a downward wave to 1.2712, GBP/USD is poised for a correction to 1.2773. Post-correction, an anticipated decline to 1.2710 is foreseen. Should this level be breached, the potential for further downside to 1.2648 opens up as a local target.
USD/JPY (US Dollar vs Japanese Yen):
USD/JPY has successfully concluded an upward impulse, reaching 141.66. A corrective phase towards 140.90 is anticipated. Following the correction, a new descending wave to 142.45 might ensue, serving as a local target.
USD/CHF (US Dollar vs Swiss Franc):
In the process of forming an upward wave structure towards 0.8462, USD/CHF is poised for a correction to 0.8396. Subsequently, a potential rise to 0.8480 could materialize, with the potential for an extended trend continuation to 0.8565, representing a local target.
AUD/USD (Australian Dollar vs US Dollar):
After completing an upward wave to 0.6824 and a correction to 0.6863, AUD/USD is expected to undergo a downward wave to 0.6817. A breach below this level could lead to a continuation of the wave, targeting 0.6777 as a local objective.
