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Publish Date: Wed, 10 May 2023, 06:28 AM
AUD/USD Intraday: key resistance at 0.6780.
Pivot:
0.6780
Our preference:
Short positions below 0.6780 with targets at 0.6745 & 0.6730 in extension.
Alternative scenario:
Above 0.6780 look for further upside with 0.6800 & 0.6820 as targets.
Comment:
As long as the resistance at 0.6780 is not surpassed, the risk of the break below 0.6745 remains high.
Gold Intraday: target 2051.00.
Pivot:
2027.00
Our preference:
Long positions above 2027.00 with targets at 2045.00 & 2051.00 in extension.
Alternative scenario:
Below 2027.00 look for further downside with 2020.00 & 2014.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
Crude Oil (WTI) (M3) Intraday: intraday support around 72.60.
Pivot:
72.60
Our preference:
Long positions above 72.60 with targets at 74.60 & 75.30 in extension.
Alternative scenario:
Below 72.60 look for further downside with 71.60 & 70.90 as targets.
Comment:
The next resistances are at 74.60 and then at 75.30.
EUR/USD Intraday: key resistance at 1.0985.
Pivot
1.0985
Our preference:
Short positions below 1.0985 with targets at 1.0940 & 1.0925 in extension.
Alternative scenario:
Above 1.0985 look for further upside with 1.1005 & 1.1025 as targets.
Comment:
As long as the resistance at 1.0985 is not surpassed, the risk of the break below 1.0940 remains high.
GBP/USD Intraday: the upside prevails.
Pivot:
1.2605
Our preference:
Long positions above 1.2605 with targets at 1.2640 & 1.2655 in extension.
Alternative scenario:
Below 1.2605 look for further downside with 1.2590 & 1.2575 as targets.
Comment:
The RSI advocates for further upside.
USD/JPY Intraday: the upside prevails.
Pivot:
134.90
Our preference:
Long positions above 134.90 with targets at 135.35 & 135.60 in extension.
Alternative scenario:
Below 134.90 look for further downside with 134.70 & 134.50 as targets.
Comment:
The next resistances are at 135.35 and then at 135.60.