AUD/USD Intraday: the bias remains bullish.
Pivot:
0.6675
Our preference:
Long positions above 0.6675 with targets at 0.6715 & 0.6730 in extension.
Alternative scenario:
Below 0.6675 look for further downside with 0.6660 & 0.6645 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Gold Intraday: expect 2032.00.
Pivot:
2005.00
Our preference:
Long positions above 2005.00 with targets at 2024.00 & 2032.00 in extension.
Alternative scenario:
Below 2005.00 look for further downside with 1999.00 & 1993.00 as targets.
Comment:
The RSI advocates for further upside.
Crude Oil (WTI)‎ (K3)‎ Intraday: the bias remains bullish.
Pivot:
82.10
Our preference:
Long positions above 82.10 with targets at 83.80 & 84.50 in extension.
Alternative scenario:
Below 82.10 look for further downside with 81.30 & 80.60 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
EUR/USD Intraday: further advance.
Pivot:
1.0960
Our preference:
Long positions above 1.0960 with targets at 1.1015 & 1.1035 in extension.
Alternative scenario:
Below 1.0960 look for further downside with 1.0940 & 1.0920 as targets.
Comment:
The RSI advocates for further advance.
GBP/USD Intraday: further upside.
Pivot:
1.2450
Our preference:
Long positions above 1.2450 with targets at 1.2515 & 1.2540 in extension.
Alternative scenario:
Below 1.2450 look for further downside with 1.2420 & 1.2400 as targets.
Comment:
The RSI is bullish and calls for further advance.
USD/JPY Intraday: towards 132.40.
Pivot:
133.40
Our preference:
Short positions below 133.40 with targets at 132.70 & 132.40 in extension.
Alternative scenario:
Above 133.40 look for further upside with 133.70 & 134.00 as targets.
Comment:
The RSI is bearish and calls for further decline.