ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 30 March 2023

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Publish date: Thu, 30 Mar 2023, 11:03 AM
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ATFX Daily Market Newsletter

AUD/USD Intraday: intraday support around 0.6660.

Pivot:

0.6660

Our preference:

Long positions above 0.6660 with targets at 0.6695 & 0.6710 in extension.

Alternative scenario:

Below 0.6660 look for further downside with 0.6645 & 0.6630 as targets.

Comment:

A support base at 0.6660 has formed and has allowed for a temporary stabilisation.

Analyst Views Chart

Gold Intraday: expect 1950.00.

Pivot:

1972.00

Our preference:

Short positions below 1972.00 with targets at 1958.00 & 1950.00 in extension.

Alternative scenario:

Above 1972.00 look for further upside with 1979.00 & 1987.00 as targets.

Comment:

A break below 1958.00 would trigger a drop towards 1950.00.

Analyst Views Chart

Crude Oil (WTI)‎ (K3)‎ Intraday: under pressure.

Pivot:

73.85

Our preference:

Short positions below 73.85 with targets at 72.30 & 71.50 in extension.

Alternative scenario:

Above 73.85 look for further upside with 74.35 & 74.85 as targets.

Comment:

The RSI is below its neutrality area at 50%

Analyst Views Chart

EUR/USD Intraday: bullish bias above 1.0815.

Pivot:

1.0815

Our preference:

Long positions above 1.0815 with targets at 1.0870 & 1.0890 in extension.

Alternative scenario:

Below 1.0815 look for further downside with 1.0800 & 1.0780 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

GBP/USD Intraday: bullish bias above 1.2280.

Pivot:

1.2280

Our preference:

Long positions above 1.2280 with targets at 1.2340 & 1.2360 in extension.

Alternative scenario:

Below 1.2280 look for further downside with 1.2260 & 1.2240 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Analyst Views Chart

USD/JPY Intraday: watch 133.50.

Pivot:

132.00

Our preference:

Long positions above 132.00 with targets at 133.00 & 133.50 in extension.

Alternative scenario:

Below 132.00 look for further downside with 131.60 & 131.30 as targets.

Comment:

The RSI advocates for further upside.

Analyst Views Chart

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