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Publish Date: Tue, 23 May 2023, 04:59 AM
AUD/USD Intraday: key resistance at 0.6670.
Pivot:
0.6670
Our preference:
Short positions below 0.6670 with targets at 0.6630 & 0.6615 in extension.
Alternative scenario:
Above 0.6670 look for further upside with 0.6685 & 0.6700 as targets.
Comment:
As long as 0.6670 is resistance, look for choppy price action with a bearish bias.
Gold Intraday: consolidation.
Pivot:
1980.00
Our preference:
Short positions below 1980.00 with targets at 1963.00 & 1957.00 in extension.
Alternative scenario:
Above 1980.00 look for further upside with 1987.00 & 1993.00 as targets.
Comment:
The RSI lacks upward momentum.
Crude Oil (WTI) (N3) Intraday: expect 73.40.
Pivot:
71.55
Our preference:
Long positions above 71.55 with targets at 73.00 & 73.40 in extension.
Alternative scenario:
Below 71.55 look for further downside with 71.20 & 70.65 as targets.
Comment:
The RSI is bullish and calls for further upside.
EUR/USD Intraday: key resistance at 1.0830.
Pivot:
1.0830
Our preference:
Short positions below 1.0830 with targets at 1.0795 & 1.0780 in extension.
Alternative scenario:
Above 1.0830 look for further upside with 1.0845 & 1.0860 as targets.
Comment:
As long as 1.0830 is resistance, look for choppy price action with a bearish bias.
GBP/USD Intraday: towards 1.2390.
Pivot:
1.2460
Our preference:
Short positions below 1.2460 with targets at 1.2410 & 1.2390 in extension.
Alternative scenario:
Above 1.2460 look for further upside with 1.2475 & 1.2490 as targets.
Comment:
The RSI advocates for further downside.
USD/JPY Intraday: further advance.
Pivot:
138.25
Our preference:
Long positions above 138.25 with targets at 138.90 & 139.20 in extension.
Alternative scenario:
Below 138.25 look for further downside with 138.00 & 137.75 as targets.
Comment:
The RSI shows upside momentum.