AUD/USD Intraday: further upside.

Pivot:

0.6750

Our preference:

Long positions above 0.6750 with targets at 0.6800 & 0.6820 in extension.

Alternative scenario:

Below 0.6750 look for further downside with 0.6730 & 0.6710 as targets.

Comment:

The RSI is bullish and calls for further advance.

Gold Intraday: the bias remains bullish.

Pivot:

2028.00

Our preference:

Long positions above 2028.00 with targets at 2048.00 & 2055.00 in extension.

Alternative scenario:

Below 2028.00 look for further downside with 2020.00 & 2012.00 as targets.

Comment:

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

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

Pivot:

82.90

Our preference:

Short positions below 82.90 with targets at 81.80 & 81.30 in extension.

Alternative scenario:

Above 82.90 look for further upside with 83.50 & 84.00 as targets.

Comment:

The RSI is bearish and calls for further decline.

EUR/USD Intraday: the upside prevails.

Pivot:

1.1020

Our preference:

Long positions above 1.1020 with targets at 1.1065 & 1.1080 in extension.

Alternative scenario:

Below 1.1020 look for further downside with 1.1005 & 1.0990 as targets.

Comment:

The RSI is bullish and calls for further upside.

GBP/USD Intraday: bullish bias above 1.2500.

Pivot:

1.2500

Our preference:

Long positions above 1.2500 with targets at 1.2540 & 1.2560 in extension.

Alternative scenario:

Below 1.2500 look for further downside with 1.2480 & 1.2460 as targets.

Comment:

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

USD/JPY Intraday: the downside prevails.

Pivot:

132.90

Our preference:

Short positions below 132.90 with targets at 132.30 & 132.00 in extension.

Alternative scenario:

Above 132.90 look for further upside with 133.15 & 133.40 as targets.

Comment:

The RSI has just struck against its neutrality area at 50% and is reversing down.