AUD/USD Intraday: choppy.

Pivot:

0.6545

Our preference:

Short positions below 0.6545 with targets at 0.6500 & 0.6485 in extension.

Alternative scenario:

Above 0.6545 look for further upside with 0.6560 & 0.6575 as targets.

Comment:

As long as 0.6545 is resistance, look for choppy price action with a bearish bias.

Gold Intraday: bullish bias above 1949.00.

Pivot:

1949.00

Our preference:

Long positions above 1949.00 with targets at 1964.00 & 1971.00 in extension.

Alternative scenario:

Below 1949.00 look for further downside with 1940.00 & 1932.00 as targets.

Comment:

The RSI is mixed with a bullish bias.

Crude Oil (WTI)‎ (N3)‎ Intraday: the downside prevails.

Pivot:

70.65

Our preference:

Short positions below 70.65 with targets at 69.00 & 68.30 in extension.

Alternative scenario:

Above 70.65 look for further upside with 71.25 & 72.05 as targets.

Comment:

The RSI shows downside momentum.

EUR/USD Intraday: further advance.

Pivot:

1.0710

Our preference:

Long positions above 1.0710 with targets at 1.0750 & 1.0770 in extension.

Alternative scenario:

Below 1.0710 look for further downside with 1.0690 & 1.0670 as targets.

Comment:

The RSI is bullish and calls for further upside.

GBP/USD Intraday: bullish bias above 1.2380.

Pivot:

1.2380

Our preference:

Long positions above 1.2380 with targets at 1.2440 & 1.2460 in extension.

Alternative scenario:

Below 1.2380 look for further downside with 1.2360 & 1.2330 as targets.

Comment:

The RSI calls for a bounce.

USD/JPY Intraday: under pressure.

Pivot:

140.20

Our preference:

Short positions below 140.20 with targets at 139.40 & 139.00 in extension.

Alternative scenario:

Above 140.20 look for further upside with 140.60 & 140.90 as targets.

Comment:

The RSI is bearish and calls for further downside.