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Publish Date: Tue, 16 May 2023, 04:23 AM
AUD/USD Intraday: continuation of the rebound.
Pivot:
0.6670
Our preference:
Long positions above 0.6670 with targets at 0.6720 & 0.6740 in extension.
Alternative scenario:
Below 0.6670 look for further downside with 0.6650 & 0.6635 as targets.
Comment:
The RSI lacks downward momentum.
Gold Intraday: intraday support around 2008.00.
Pivot:
2008.00
Our preference:
Long positions above 2008.00 with targets at 2022.00 & 2032.00 in extension.
Alternative scenario:
Below 2008.00 look for further downside with 2001.00 & 1995.00 as targets.
Comment:
The RSI lacks downward momentum.
Crude Oil (WTI) (M3) Intraday: intraday support around 70.30.
Pivot:
70.30
Our preference:
Long positions above 70.30 with targets at 71.70 & 72.70 in extension.
Alternative scenario:
Below 70.30 look for further downside with 69.80 & 69.40 as targets.
Comment:
The next resistances are at 71.70 and then at 72.70.
EUR/USD Intraday: rebound.
Pivot:
1.0855
Our preference:
Long positions above 1.0855 with targets at 1.0890 & 1.0910 in extension.
Alternative scenario:
Below 1.0855 look for further downside with 1.0840 & 1.0820 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
GBP/USD Intraday: continuation of the rebound.
Pivot:
1.2490
Our preference:
Long positions above 1.2490 with targets at 1.2560 & 1.2580 in extension.
Alternative scenario:
Below 1.2490 look for further downside with 1.2465 & 1.2440 as targets.
Comment:
The break above 1.2490 is a positive signal that has opened a path to 1.2560.
USD/JPY Intraday: bullish bias above 135.70.
Pivot:
135.70
Our preference:
Long positions above 135.70 with targets at 136.35 & 136.60 in extension.
Alternative scenario:
Below 135.70 look for further downside with 135.40 & 135.10 as targets.
Comment:
A support base at 135.70 has formed and has allowed for a temporary stabilisation.