ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 22 March 2023

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Publish date: Wed, 22 Mar 2023, 11:19 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: key resistance at 0.6690.

Pivot:

0.6690

Our preference:

Short positions below 0.6690 with targets at 0.6650 & 0.6630 in extension.

Alternative scenario:

Above 0.6690 look for further upside with 0.6710 & 0.6730 as targets.

Comment:

As long as 0.6690 is resistance, look for choppy price action with a bearish bias.

Analyst Views Chart

Gold Intraday: look for 1914.00.

Pivot:

1963.00

Our preference:

Short positions below 1963.00 with targets at 1926.00 & 1914.00 in extension.

Alternative scenario:

Above 1963.00 look for further upside with 1974.00 & 1985.00 as targets.

Comment:

The RSI is mixed with a bearish bias.

Analyst Views Chart

Crude Oil (WTI)‎ (K3)‎ Intraday: intraday support around 68.00.

Pivot:

68.00

Our preference:

Long positions above 68.00 with targets at 70.70 & 72.20 in extension.

Alternative scenario:

Below 68.00 look for further downside with 66.80 & 65.80 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

EUR/USD Intraday: the upside prevails.

Pivot:

1.0740

Our preference:

Long positions above 1.0740 with targets at 1.0790 & 1.0810 in extension.

Alternative scenario:

Below 1.0740 look for further downside with 1.0720 & 1.0700 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

GBP/USD Intraday: watch 1.2260.

Pivot:

1.2185

Our preference:

Long positions above 1.2185 with targets at 1.2240 & 1.2260 in extension.

Alternative scenario:

Below 1.2185 look for further downside with 1.2160 & 1.2135 as targets.

Comment:

The RSI calls for a rebound.

Analyst Views Chart

USD/JPY Intraday: further upside.

Pivot:

132.00

Our preference:

Long positions above 132.00 with targets at 132.90 & 133.30 in extension.

Alternative scenario:

Below 132.00 look for further downside with 131.75 & 131.40 as targets.

Comment:

The RSI is bullish and calls for further advance.

Analyst Views Chart

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