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Publish Date: Thu, 06 Apr 2023, 01:57 AM
AUD/USD Intraday: the bias remains bullish.
Pivot:
0.6695
Our preference:
Long positions above 0.6695 with targets at 0.6740 & 0.6760 in extension.
Alternative scenario:
Below 0.6695 look for further downside with 0.6675 & 0.6655 as targets.
Comment:
The RSI calls for a rebound.
Gold Intraday: bullish bias above 2010.00.
Pivot:
2010.00
Our preference:
Long positions above 2010.00 with targets at 2031.00 & 2038.00 in extension.
Alternative scenario:
Below 2010.00 look for further downside with 2000.00 & 1990.00 as targets.
Comment:
A support base at 2010.00 has formed and has allowed for a temporary stabilisation.
Crude Oil (WTI) (K3) Intraday: intraday support around 79.60.
Pivot:
79.60
Our preference:
Long positions above 79.60 with targets at 81.15 & 81.80 in extension.
Alternative scenario:
Below 79.60 look for further downside with 79.00 & 78.00 as targets.
Comment:
The next resistances are at 81.15 and then at 81.80.
EUR/USD Intraday: watch 1.0870.
Pivot:
1.0935
Our preference:
Short positions below 1.0935 with targets at 1.0890 & 1.0870 in extension.
Alternative scenario:
Above 1.0935 look for further upside with 1.0950 & 1.0970 as targets.
Comment:
The RSI advocates for further downside.
GBP/USD Intraday: key resistance at 1.2490.
Pivot:
1.2490
Our preference:
Short positions below 1.2490 with targets at 1.2445 & 1.2430 in extension.
Alternative scenario:
Above 1.2490 look for further upside with 1.2510 & 1.2525 as targets.
Comment:
As long as 1.2490 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: under pressure.
Pivot:
131.40
Our preference:
Short positions below 131.40 with targets at 130.60 & 130.30 in extension.
Alternative scenario:
Above 131.40 look for further upside with 131.60 & 131.85 as targets.
Comment:
The RSI is bearish and calls for further decline.