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Publish Date: Mon, 08 May 2023, 03:08 AM
AUD/USD Intraday: further advance.
Pivot:
0.6725
Our preference:
Long positions above 0.6725 with targets at 0.6780 & 0.6800 in extension.
Alternative scenario:
Below 0.6725 look for further downside with 0.6710 & 0.6690 as targets.
Comment:
The RSI is bullish and calls for further upside.
Gold Intraday: key resistance at 2030.00.
Pivot:
2030.00
Our preference:
Short positions below 2030.00 with targets at 2008.00 & 1999.00 in extension.
Alternative scenario:
Above 2030.00 look for further upside with 2044.00 & 2059.00 as targets.
Comment:
As long as the resistance at 2030.00 is not surpassed, the risk of the break below 2008.00 remains high.
Crude Oil (WTI) (M3) Intraday: further advance.
Pivot:
70.00
Our preference:
Long positions above 70.00 with targets at 72.40 & 73.90 in extension.
Alternative scenario:
Below 70.00 look for further downside with 69.20 & 68.30 as targets.
Comment:
The next resistances are at 72.40 and then at 73.90.
EUR/USD Intraday: the bias remains bullish.
Pivot:
1.0995
Our preference:
Long positions above 1.0995 with targets at 1.1035 & 1.1050 in extension.
Alternative scenario:
Below 1.0995 look for further downside with 1.0980 & 1.0965 as targets.
Comment:
The RSI calls for a bounce.
GBP/USD Intraday: the upside prevails.
Pivot:
1.2590
Our preference:
Long positions above 1.2590 with targets at 1.2650 & 1.2680 in extension.
Alternative scenario:
Below 1.2590 look for further downside with 1.2560 & 1.2530 as targets.
Comment:
The RSI advocates for further advance.
USD/JPY Intraday: continuation of the rebound.
Pivot:
134.50
Our preference:
Long positions above 134.50 with targets at 135.60 & 136.00 in extension.
Alternative scenario:
Below 134.50 look for further downside with 134.20 & 133.85 as targets.
Comment:
The RSI shows upside momentum.