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Publish Date: Wed, 03 May 2023, 02:58 AM
AUD/USD Intraday: consolidation.
Pivot:
0.6685
Our preference:
Short positions below 0.6685 with targets at 0.6650 & 0.6635 in extension.
Alternative scenario:
Above 0.6685 look for further upside with 0.6700 & 0.6715 as targets.
Comment:
The RSI is mixed with a bearish bias.
Gold Intraday: the upside prevails.
Pivot:
2003.00
Our preference:
Long positions above 2003.00 with targets at 2023.00 & 2033.00 in extension.
Alternative scenario:
Below 2003.00 look for further downside with 1993.00 & 1985.00 as targets.
Comment:
The RSI is bullish and calls for further advance.
Crude Oil (WTI) (M3) Intraday: under pressure.
Pivot:
72.80
Our preference:
Short positions below 72.80 with targets at 71.00 & 70.00 in extension.
Alternative scenario:
Above 72.80 look for further upside with 73.90 & 74.55 as targets.
Comment:
The RSI has broken down its 30 level.
EUR/USD Intraday: further advance.
Pivot:
1.0980
Our preference:
Long positions above 1.0980 with targets at 1.1035 & 1.1055 in extension.
Alternative scenario:
Below 1.0980 look for further downside with 1.0960 & 1.0940 as targets.
Comment:
The RSI is bullish and calls for further upside.
GBP/USD Intraday: towards 1.2510.
Pivot:
1.2450
Our preference:
Long positions above 1.2450 with targets at 1.2490 & 1.2510 in extension.
Alternative scenario:
Below 1.2450 look for further downside with 1.2430 & 1.2410 as targets.
Comment:
The RSI calls for a rebound.
USD/JPY Intraday: expect 135.80.
Pivot:
137.00
Our preference:
Short positions below 137.00 with targets at 136.10 & 135.80 in extension.
Alternative scenario:
Above 137.00 look for further upside with 137.40 & 137.75 as targets.
Comment:
The RSI advocates for further downside.