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Publish Date: Mon, 27 Mar 2023, 02:21 AM
AUD/USD Intraday: rebound expected.
Pivot:
0.6625
Our preference:
Long positions above 0.6625 with targets at 0.6675 & 0.6695 in extension.
Alternative scenario:
Below 0.6625 look for further downside with 0.6610 & 0.6590 as targets.
Comment:
The RSI shows upside momentum.
Gold Intraday: key resistance at 1986.00.
Pivot:
1986.00
Our preference:
Short positions below 1986.00 with targets at 1964.00 & 1954.00 in extension.
Alternative scenario:
Above 1986.00 look for further upside with 1994.00 & 2003.00 as targets.
Comment:
As long as 1986.00 is resistance, expect a return to 1964.00.
Crude Oil (WTI) (K3) Intraday: towards 71.65.
Pivot:
68.60
Our preference:
Long positions above 68.60 with targets at 70.70 & 71.65 in extension.
Alternative scenario:
Below 68.60 look for further downside with 68.00 & 67.25 as targets.
Comment:
The RSI is bullish and calls for further advance.
EUR/USD Intraday: bullish bias above 1.0740.
Pivot:
1.0740
Our preference:
Long positions above 1.0740 with targets at 1.0800 & 1.0820 in extension.
Alternative scenario:
Below 1.0740 look for further downside with 1.0720 & 1.0700 as targets.
Comment:
The RSI calls for a rebound.
GBP/USD Intraday: rebound.
Pivot:
1.2210
Our preference:
Long positions above 1.2210 with targets at 1.2270 & 1.2290 in extension.
Alternative scenario:
Below 1.2210 look for further downside with 1.2190 & 1.2170 as targets.
Comment:
The RSI advocates for further upside.
USD/JPY Intraday: continuation of the rebound.
Pivot:
130.20
Our preference:
Long positions above 130.20 with targets at 131.20 & 131.60 in extension.
Alternative scenario:
Below 130.20 look for further downside with 129.90 & 129.60 as targets.
Comment:
The RSI is bullish and calls for further advance.