ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 16 March 2023

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Publish date: Thu, 16 Mar 2023, 10:23 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: key resistance at 0.6640.

Pivot:

0.6640

Our preference:

Short positions below 0.6640 with targets at 0.6590 & 0.6570 in extension.

Alternative scenario:

Above 0.6640 look for further upside with 0.6660 & 0.6680 as targets.

Comment:

As long as the resistance at 0.6640 is not surpassed, the risk of the break below 0.6590 remains high.

Analyst Views Chart

Gold Intraday: bullish bias above 1905.00.

Pivot:

1905.00

Our preference:

Long positions above 1905.00 with targets at 1937.00 & 1945.00 in extension.

Alternative scenario:

Below 1905.00 look for further downside with 1896.00 & 1886.00 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

Crude Oil (WTI)‎ (J3)‎ Intraday: key resistance at 69.20.

Pivot:

69.20

Our preference:

Short positions below 69.20 with targets at 66.80 & 65.70 in extension.

Alternative scenario:

Above 69.20 look for further upside with 70.80 & 72.50 as targets.

Comment:

As long as the resistance at 69.20 is not surpassed, the risk of the break below 66.80 remains high.

Analyst Views Chart

EUR/USD Intraday: the downside prevails.

Pivot:

1.0620

Our preference:

Short positions below 1.0620 with targets at 1.0540 & 1.0515 in extension.

Alternative scenario:

Above 1.0620 look for further upside with 1.0650 & 1.0680 as targets.

Comment:

As long as 1.0620 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

GBP/USD Intraday: key resistance at 1.2090.

Pivot:

1.2090

Our preference:

Short positions below 1.2090 with targets at 1.2030 & 1.2010 in extension.

Alternative scenario:

Above 1.2090 look for further upside with 1.2110 & 1.2130 as targets.

Comment:

As long as 1.2090 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

USD/JPY Intraday: under pressure.

Pivot:

133.60

Our preference:

Short positions below 133.60 with targets at 132.20 & 131.70 in extension.

Alternative scenario:

Above 133.60 look for further upside with 134.10 & 134.50 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

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