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Publish Date: Wed, 26 Apr 2023, 03:45 AM
AUD/USD Intraday: expect 0.6590.
Pivot:
0.6665
Our preference:
Short positions below 0.6665 with targets at 0.6610 & 0.6590 in extension.
Alternative scenario:
Above 0.6665 look for further upside with 0.6685 & 0.6705 as targets.
Comment:
The RSI advocates for further decline.
Gold Intraday: watch 2012.00.
Pivot:
1989.00
Our preference:
Long positions above 1989.00 with targets at 2007.00 & 2012.00 in extension.
Alternative scenario:
Below 1989.00 look for further downside with 1983.00 & 1976.00 as targets.
Comment:
The RSI is bullish and calls for further advance.
Crude Oil (WTI) (M3) Intraday: key resistance at 77.80.
Pivot:
77.80
Our preference:
Short positions below 77.80 with targets at 76.70 & 76.25 in extension.
Alternative scenario:
Above 77.80 look for further upside with 78.40 & 79.05 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
EUR/USD Intraday: under pressure.
Pivot:
1.1010
Our preference:
Short positions below 1.1010 with targets at 1.0950 & 1.0930 in extension.
Alternative scenario:
Above 1.1010 look for further upside with 1.1030 & 1.1050 as targets.
Comment:
The RSI is bearish and calls for further downside.
GBP/USD Intraday: the downside prevails.
Pivot:
1.2440
Our preference:
Short positions below 1.2440 with targets at 1.2385 & 1.2365 in extension.
Alternative scenario:
Above 1.2440 look for further upside with 1.2460 & 1.2480 as targets.
Comment:
The RSI calls for a new downleg.
USD/JPY Intraday: towards 133.00.
Pivot:
134.20
Our preference:
Short positions below 134.20 with targets at 133.35 & 133.00 in extension.
Alternative scenario:
Above 134.20 look for further upside with 134.45 & 134.70 as targets.
Comment:
A break below 133.35 would trigger a drop towards 133.00.