AUD/USD Intraday: towards 0.6740.
Pivot:
0.6680
Our preference:
Long positions above 0.6680 with targets at 0.6725 & 0.6740 in extension.
Alternative scenario:
Below 0.6680 look for further downside with 0.6665 & 0.6650 as targets.
Comment:
The RSI advocates for further advance.
Gold Intraday: target 1987.00.
Pivot:
1962.00
Our preference:
Long positions above 1962.00 with targets at 1979.00 & 1987.00 in extension.
Alternative scenario:
Below 1962.00 look for further downside with 1956.00 & 1948.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
Crude Oil (WTI) (K3) Intraday: further upside.
Pivot:
72.30
Our preference:
Long positions above 72.30 with targets at 74.85 & 75.70 in extension.
Alternative scenario:
Below 72.30 look for further downside with 71.50 & 70.70 as targets.
Comment:
The next resistances are at 74.85 and then at 75.70.
EUR/USD Intraday: bullish bias above 1.0810.
Pivot:
1.0810
Our preference:
Long positions above 1.0810 with targets at 1.0860 & 1.0880 in extension.
Alternative scenario:
Below 1.0810 look for further downside with 1.0790 & 1.0770 as targets.
Comment:
The RSI calls for a bounce.
GBP/USD Intraday: supported by a rising trend line.
Pivot:
1.2300
Our preference:
Long positions above 1.2300 with targets at 1.2350 & 1.2380 in extension.
Alternative scenario:
Below 1.2300 look for further downside with 1.2280 & 1.2260 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY Intraday: further upside.
Pivot:
130.70
Our preference:
Long positions above 130.70 with targets at 131.75 & 132.10 in extension.
Alternative scenario:
Below 130.70 look for further downside with 130.40 & 130.10 as targets.
Comment:
The RSI shows upside momentum.