AUD/USD Intraday: the bias remains bullish.
Pivot:
0.6635
Our preference:
Long positions above 0.6635 with targets at 0.6675 & 0.6690 in extension.
Alternative scenario:
Below 0.6635 look for further downside with 0.6620 & 0.6600 as targets.
Comment:
The RSI calls for a bounce.
Gold Intraday: key resistance at 1967.00.
Pivot:
1967.00
Our preference:
Short positions below 1967.00 with targets at 1950.00 & 1943.00 in extension.
Alternative scenario:
Above 1967.00 look for further upside with 1973.00 & 1979.00 as targets.
Comment:
As long as 1967.00 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI) (K3) Intraday: further upside.
Pivot:
71.50
Our preference:
Long positions above 71.50 with targets at 73.75 & 74.85 in extension.
Alternative scenario:
Below 71.50 look for further downside with 70.70 & 69.90 as targets.
Comment:
The RSI shows upside momentum.
EUR/USD Intraday: further advance.
Pivot:
1.0775
Our preference:
Long positions above 1.0775 with targets at 1.0820 & 1.0845 in extension.
Alternative scenario:
Below 1.0775 look for further downside with 1.0760 & 1.0745 as targets.
Comment:
The RSI is bullish and calls for further upside.
GBP/USD Intraday: further upside.
Pivot:
1.2260
Our preference:
Long positions above 1.2260 with targets at 1.2310 & 1.2340 in extension.
Alternative scenario:
Below 1.2260 look for further downside with 1.2240 & 1.2220 as targets.
Comment:
The RSI advocates for further advance.
USD/JPY Intraday: expect 130.40.
Pivot:
131.50
Our preference:
Short positions below 131.50 with targets at 130.70 & 130.40 in extension.
Alternative scenario:
Above 131.50 look for further upside with 131.75 & 132.00 as targets.
Comment:
The RSI is bearish and calls for further downside.