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Publish Date: Tue, 21 Mar 2023, 01:58 AM
AUD/USD Intraday: the bias remains bullish.
Pivot:
0.6690
Our preference:
Long positions above 0.6690 with targets at 0.6730 & 0.6750 in extension.
Alternative scenario:
Below 0.6690 look for further downside with 0.6670 & 0.6650 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Gold Intraday: consolidation.
Pivot:
1989.00
Our preference:
Short positions below 1989.00 with targets at 1965.00 & 1955.00 in extension.
Alternative scenario:
Above 1989.00 look for further upside with 2000.00 & 2009.00 as targets.
Comment:
The RSI is mixed with a bearish bias.
Crude Oil (WTI) (K3) Intraday: expect 69.80.
Pivot:
65.90
Our preference:
Long positions above 65.90 with targets at 68.70 & 69.80 in extension.
Alternative scenario:
Below 65.90 look for further downside with 65.00 & 64.40 as targets.
Comment:
The RSI is bullish and calls for further advance.
EUR/USD Intraday: bullish bias above 1.0680.
Pivot:
1.0680
Our preference:
Long positions above 1.0680 with targets at 1.0760 & 1.0780 in extension.
Alternative scenario:
Below 1.0680 look for further downside with 1.0650 & 1.0630 as targets.
Comment:
The RSI calls for a bounce.
GBP/USD Intraday: further advance.
Pivot:
1.2230
Our preference:
Long positions above 1.2230 with targets at 1.2300 & 1.2330 in extension.
Alternative scenario:
Below 1.2230 look for further downside with 1.2200 & 1.2170 as targets.
Comment:
The RSI is bullish and calls for further upside.
USD/JPY Intraday: capped by a negative trend line.
Pivot:
131.85
Our preference:
Short positions below 131.85 with targets at 130.90 & 130.55 in extension.
Alternative scenario:
Above 131.85 look for further upside with 132.25 & 132.60 as targets.
Comment:
The RSI advocates for further downside.