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Publish Date: Thu, 18 May 2023, 02:15 AM
AUD/USD Intraday: bullish bias above 0.6645.
Pivot:
0.6645
Our preference:
Long positions above 0.6645 with targets at 0.6675 & 0.6690 in extension.
Alternative scenario:
Below 0.6645 look for further downside with 0.6630 & 0.6615 as targets.
Comment:
A support base at 0.6645 has formed and has allowed for a temporary stabilisation.
Gold Intraday: key resistance at 1990.00.
Pivot:
1990.00
Our preference:
Short positions below 1990.00 with targets at 1975.00 & 1970.00 in extension.
Alternative scenario:
Above 1990.00 look for further upside with 1995.00 & 2001.00 as targets.
Comment:
As long as the resistance at 1990.00 is not surpassed, the risk of the break below 1975.00
Crude Oil (WTI) (N3) Intraday: bullish bias above 72.10.
Pivot:
72.10
Our preference:
Long positions above 72.10 with targets at 73.30 & 73.80 in extension.
Alternative scenario:
Below 72.10 look for further downside with 71.60 & 71.00 as targets.
Comment:
The RSI shows upside momentum.
EUR/USD Intraday: key resistance at 1.0855.
Pivot:
1.0855
Our preference:
Short positions below 1.0855 with targets at 1.0815 & 1.0800 in extension.
Alternative scenario:
Above 1.0855 look for further upside with 1.0875 & 1.0900 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 1.0855.
GBP/USD Intraday: bullish bias above 1.2460.
Pivot:
1.2460
Our preference:
Long positions above 1.2460 with targets at 1.2510 & 1.2530 in extension.
Alternative scenario:
Below 1.2460 look for further downside with 1.2440 & 1.2420 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
USD/JPY Intraday: further advance.
Pivot:
137.10
Our preference:
Long positions above 137.10 with targets at 137.85 & 138.20 in extension.
Alternative scenario:
Below 137.10 look for further downside with 136.70 & 136.25 as targets.
Comment:
The break above 137.10 is a positive signal that has opened a path to 137.85.