AUD/USD Intraday: the upside prevails.

Pivot:

0.6710

Our preference:

Long positions above 0.6710 with targets at 0.6760 & 0.6780 in extension.

Alternative scenario:

Below 0.6710 look for further downside with 0.6690 & 0.6675 as targets.

Comment:

The RSI calls for a new upleg.

Gold Intraday: consolidation in place.

Pivot:

1967.00

Our preference:

Short positions below 1967.00 with targets at 1954.00 & 1948.00 in extension.

Alternative scenario:

Above 1967.00 look for further upside with 1973.00 & 1978.00 as targets.

Comment:

As long as 1967.00 is resistance, look for choppy price action with a bearish bias.

Crude Oil (WTI)‎ (N3)‎ Intraday: under pressure.

Pivot:

71.00

Our preference:

Short positions below 71.00 with targets at 69.00 & 68.25 in extension.

Alternative scenario:

Above 71.00 look for further upside with 71.70 & 72.20 as targets.

Comment:

The RSI is bearish and calls for further decline.

EUR/USD Intraday: bullish bias above 1.0730.

Pivot:

1.0730

Our preference:

Long positions above 1.0730 with targets at 1.0760 & 1.0775 in extension.

Alternative scenario:

Below 1.0730 look for further downside with 1.0715 & 1.0700 as targets.

Comment:

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

GBP/USD Intraday: further advance.

Pivot:

1.2550

Our preference:

Long positions above 1.2550 with targets at 1.2600 & 1.2620 in extension.

Alternative scenario:

Below 1.2550 look for further downside with 1.2530 & 1.2510 as targets.

Comment:

The RSI calls for a bounce.

USD/JPY Intraday: the bias remains bullish.

Pivot:

139.05

Our preference:

Long positions above 139.05 with targets at 139.55 & 139.70 in extension.

Alternative scenario:

Below 139.05 look for further downside with 138.90 & 138.75 as targets.

Comment:

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