AUD/USD Intraday: key resistance at 0.7670.
Pivot: 0.7670
Our preference: short positions below 0.7670 with targets at 0.7635 & 0.7615 in extension.
Alternative scenario: above 0.7670 look for further upside with 0.7695 & 0.7715 as targets.
Comment: as long as 0.7670 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
0.7715 **
0.7695 **
0.7670 ***
0.7665 Last
0.7635 *
0.7615 *
0.7595 *
GBP/USD Intraday: continuation of the rebound.
Pivot: 1.3070
Our preference: long positions above 1.3070 with targets at 1.3135 & 1.3170 in extension.
Alternative scenario: below 1.3070 look for further downside with 1.3040 & 1.3000 as targets.
Comment: the RSI is supported by a bullish trend line.
Supports and resistances:
1.3190 **
1.3170 *
1.3135 *
1.3113 Last
1.3070 ***
1.3040 *
1.3000 *
USD/JPY Intraday: bullish bias above 114.00.
Pivot: 114.00
Our preference: long positions above 114.00 with targets at 114.40 & 114.70 in extension.
Alternative scenario: below 114.00 look for further downside with 113.60 & 113.30 as targets.
Comment: a support base at 114.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
115.00
114.70
114.40
114.06 Last
114.00
113.60
113.30
EUR/USD Intraday: the downside prevails.
Pivot: 1.1620
Our preference: short positions below 1.1620 with targets at 1.1570 & 1.1530 in extension.
Alternative scenario: above 1.1620 look for further upside with 1.1665 & 1.1685 as targets.
Comment: the RSI has failed to break above its bearish trendline.
Supports and resistances:
1.1685 **
1.1665 **
1.1620 ***
1.1596 Last
1.1570 *
1.1530 *
1.1490 **
Gold spot Intraday: under pressure.
Pivot: 1273.50
Our preference: short positions below 1273.50 with targets at 1265.00 & 1260.00 in extension.
Alternative scenario: above 1273.50 look for further upside with 1280.50 & 1284.00 as targets.
Comment: the RSI is capped by a bearish trend line.
Supports and resistances:
1284.00
1280.50
1273.50
1269.72 Last
1265.00
1260.00
1253.00
Crude Oil (WTI) (Z7) Intraday: the upside prevails.
Pivot: 55.25
Our preference: long positions above 55.25 with targets at 56.55 & 56.85 in extension.
Alternative scenario: below 55.25 look for further downside with 54.90 & 54.40 as targets.
Comment: the RSI is supported by a bullish trend line.
Supports and resistances:
57.50
56.85
56.55
56.04 Last
55.25
54.90
54.40