ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 14 June 2023

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Publish date: Wed, 14 Jun 2023, 01:09 PM
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ATFX Daily Market Newsletter

AUD/USD Intraday: the bias remains bullish.

Pivot:

0.6750

Our preference:

Long positions above 0.6750 with targets at 0.6790 & 0.6805 in extension.

Alternative scenario:

Below 0.6750 look for further downside with 0.6735 & 0.6720 as targets.

Comment:

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

Analyst Views Chart

Gold Intraday: the downside prevails.

Pivot:

1952.00

Our preference:

Short positions below 1952.00 with targets at 1939.00 & 1933.00 in extension.

Alternative scenario:

Above 1952.00 look for further upside with 1958.00 & 1964.00 as targets.

Comment:

The RSI calls for a new downleg.

Analyst Views Chart

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

Pivot:

68.25

Our preference:

Long positions above 68.25 with targets at 69.80 & 70.80 in extension.

Alternative scenario:

Below 68.25 look for further downside with 67.50 & 66.80 as targets.

Comment:

The RSI is above its neutrality area at 50%.

Analyst Views Chart

EUR/USD Intraday: bullish bias above 1.0770.

Pivot:

1.0770

Our preference:

Long positions above 1.0770 with targets at 1.0805 & 1.0820 in extension.

Alternative scenario:

Below 1.0770 look for further downside with 1.0755 & 1.0740 as targets.

Comment:

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

Analyst Views Chart

GBP/USD Intraday: the upside prevails.

Pivot

1.2570

Our preference:

Long positions above 1.2570 with targets at 1.2625 & 1.2650 in extension.

Alternative scenario:

Below 1.2570 look for further downside with 1.2540 & 1.2515 as targets.

Comment:

The RSI advocates for further advance.

Analyst Views Chart

USD/JPY Intraday: further advance.

Pivot:

139.80

Our preference:

Long positions above 139.80 with targets at 140.45 & 140.70 in extension.

Alternative scenario:

Below 139.80 look for further downside with 139.50 & 139.20 as targets.

Comment:

The RSI is bullish and calls for further upside.

Analyst Views Chart

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