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Publish Date: Thu, 16 Mar 2023, 02:24 AM
AUD/USD Intraday: key resistance at 0.6640.
Pivot:
0.6640
Our preference:
Short positions below 0.6640 with targets at 0.6590 & 0.6570 in extension.
Alternative scenario:
Above 0.6640 look for further upside with 0.6660 & 0.6680 as targets.
Comment:
As long as the resistance at 0.6640 is not surpassed, the risk of the break below 0.6590 remains high.
Gold Intraday: bullish bias above 1905.00.
Pivot:
1905.00
Our preference:
Long positions above 1905.00 with targets at 1937.00 & 1945.00 in extension.
Alternative scenario:
Below 1905.00 look for further downside with 1896.00 & 1886.00 as targets.
Comment:
The RSI calls for a bounce.
Crude Oil (WTI) (J3) Intraday: key resistance at 69.20.
Pivot:
69.20
Our preference:
Short positions below 69.20 with targets at 66.80 & 65.70 in extension.
Alternative scenario:
Above 69.20 look for further upside with 70.80 & 72.50 as targets.
Comment:
As long as the resistance at 69.20 is not surpassed, the risk of the break below 66.80 remains high.
EUR/USD Intraday: the downside prevails.
Pivot:
1.0620
Our preference:
Short positions below 1.0620 with targets at 1.0540 & 1.0515 in extension.
Alternative scenario:
Above 1.0620 look for further upside with 1.0650 & 1.0680 as targets.
Comment:
As long as 1.0620 is resistance, look for choppy price action with a bearish bias.
GBP/USD Intraday: key resistance at 1.2090.
Pivot:
1.2090
Our preference:
Short positions below 1.2090 with targets at 1.2030 & 1.2010 in extension.
Alternative scenario:
Above 1.2090 look for further upside with 1.2110 & 1.2130 as targets.
Comment:
As long as 1.2090 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: under pressure.
Pivot:
133.60
Our preference:
Short positions below 133.60 with targets at 132.20 & 131.70 in extension.
Alternative scenario:
Above 133.60 look for further upside with 134.10 & 134.50 as targets.
Comment:
The RSI calls for a new downleg.