ATFX Daily Market Newsletter

DAILY MARKET NEWSLETTER - 21 June 2023

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Publish date: Wed, 21 Jun 2023, 12:55 PM
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ATFX Daily Market Newsletter

AUD/USD Intraday: rebound expected.

Pivot:

0.6765

Our preference:

Long positions above 0.6765 with targets at 0.6805 & 0.6820 in extension.

Alternative scenario:

Below 0.6765 look for further downside with 0.6750 & 0.6735 as targets.

Comment:

The RSI shows upside momentum.

Analyst Views Chart

Gold Intraday: key resistance at 1945.00.

Pivot:

1945.00

Our preference:

Short positions below 1945.00 with targets at 1930.00 & 1925.00 in extension.

Alternative scenario:

Above 1945.00 look for further upside with 1950.00 & 1956.00 as targets.

Comment:

As long as the resistance at 1945.00 is not surpassed, the risk of the break below 1930.00 remains high.

Analyst Views Chart

Crude Oil (WTI)‎ (Q3)‎ Intraday: bullish bias above 70.35.

Pivot:

70.35

Our preference:

Long positions above 70.35 with targets at 71.40 & 71.75 in extension.

Alternative scenario:

Below 70.35 look for further downside with 69.75 & 68.90 as targets.

Comment:

The RSI is mixed to bullish.

Analyst Views Chart

EUR/USD Intraday: bullish bias above 1.0890.

Pivot:

1.0890

Our preference:

Long positions above 1.0890 with targets at 1.0940 & 1.0955 in extension.

Alternative scenario:

Below 1.0890 look for further downside with 1.0875 & 1.0860 as targets.

Comment:

The RSI calls for a bounce.

Analyst Views Chart

GBP/USD Intraday: rebound.

Pivot:

1.2730

Our preference:

Long positions above 1.2730 with targets at 1.2785 & 1.2805 in extension.

Alternative scenario:

Below 1.2730 look for further downside with 1.2710 & 1.2690 as targets.

Comment:

The RSI calls for a rebound.

Analyst Views Chart

USD/JPY Intraday: towards 140.80.

Pivot:

141.75

Our preference:

Short positions below 141.75 with targets at 141.10 & 140.80 in extension.

Alternative scenario:

Above 141.75 look for further upside with 142.00 & 142.25 as targets.

Comment:

The RSI advocates for further downside.

Analyst Views Chart

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