AUD/USD Intraday: further upside.

Pivot:

0.6640

Our preference:

Long positions above 0.6640 with targets at 0.6700 & 0.6720 in extension.

Alternative scenario:

Below 0.6640 look for further downside with 0.6625 & 0.6610 as targets.

Comment:

The RSI is bullish and calls for further advance.

Gold Intraday: bullish bias above 1953.00.

Pivot:

1953.00

Our preference:

Long positions above 1953.00 with targets at 1974.00 & 1983.00 in extension.

Alternative scenario:

Below 1953.00 look for further downside with 1945.00 & 1938.00 as targets.

Comment:

A support base at 1953.00 has formed and has allowed for a temporary stabilisation.

Crude Oil (WTI)‎ (N3)‎ Intraday: the bias remains bullish.

Pivot:

71.00

Our preference:

Long positions above 71.00 with targets at 72.30 & 73.00 in extension.

Alternative scenario:

Below 71.00 look for further downside with 70.10 & 69.40 as targets.

Comment:

The RSI has just landed on its neutrality area at 50% and is turning up.

EUR/USD Intraday: the downside prevails.

Pivot:

1.0715

Our preference:

Short positions below 1.0715 with targets at 1.0680 & 1.0665 in extension.

Alternative scenario:

Above 1.0715 look for further upside with 1.0730 & 1.0745 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 1.0715.

GBP/USD Intraday: key resistance at 1.2445.

Pivot:

1.2445

Our preference:

Short positions below 1.2445 with targets at 1.2405 & 1.2390 in extension.

Alternative scenario:

Above 1.2445 look for further upside with 1.2460 & 1.2475 as targets.

Comment:

As long as 1.2445 is resistance, look for choppy price action with a bearish bias.

USD/JPY Intraday: watch 140.00.

Pivot:

139.30

Our preference:

Long positions above 139.30 with targets at 139.80 & 140.00 in extension.

Alternative scenario:

Below 139.30 look for further downside with 139.10 & 138.90 as targets.

Comment:

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