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Publish Date: Tue, 06 Dec 2022, 04:04 AM
EUR/USD Intraday: under pressure.
Pivot:
1.0540
Our preference:
Short positions below 1.0540 with targets at 1.0455 & 1.0425 in extension.
Alternative scenario:
Above 1.0540 look for further upside with 1.0565 & 1.0595 as targets.
Comment:
The break below 1.0540 is a negative signal that has opened a path to 1.0455.
Gold Intraday: key resistance at 1780.00.
Pivot:
1780.00
Our preference:
Short positions below 1780.00 with targets at 1760.00 & 1750.00 in extension.
Alternative scenario:
Above 1780.00 look for further upside with 1789.00 & 1800.00 as targets.
Comment:
The RSI shows downside momentum.
Crude Oil (WTI) (F3) Intraday: under pressure.
Pivot:
78.70
Our preference:
Short positions below 78.70 with targets at 76.30 & 75.30 in extension.
Alternative scenario:
Above 78.70 look for further upside with 79.60 & 81.20 as targets.
Comment:
The RSI has broken down its 30 level.
GBP/USD Intraday: watch 1.2145.
Pivot:
1.2255
Our preference:
Short positions below 1.2255 with targets at 1.2145 & 1.2105 in extension.
Alternative scenario:
Above 1.2255 look for further upside with 1.2300 & 1.2345 as targets.
Comment:
A break below 1.2145 would trigger a drop towards 1.2105.
USD/JPY Intraday: the upside prevails.
Pivot:
135.90
Our preference:
Long positions above 135.90 with targets at 137.00 & 137.50 in extension.
Alternative scenario:
Below 135.90 look for further downside with 135.45 & 135.00 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
AUD/USD Intraday: key resistance at 0.6760.
Pivot:
0.6760
Our preference:
Short positions below 0.6760 with targets at 0.6665 & 0.6635 in extension.
Alternative scenario:
Above 0.6760 look for further upside with 0.6790 & 0.6820 as targets.
Comment:
As long as the resistance at 0.6760 is not surpassed, the risk of the break below 0.6665 remains high.