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Publish Date: Thu, 08 Jun 2023, 02:13 AM
AUD/USD Intraday: expect 0.6610.
Pivot:
0.6675
Our preference:
Short positions below 0.6675 with targets at 0.6630 & 0.6610 in extension.
Alternative scenario:
Above 0.6675 look for further upside with 0.6695 & 0.6715 as targets.
Comment:
The RSI is bearish and calls for further downside.
Gold Intraday: the downside prevails.
Pivot:
1954.00
Our preference:
Short positions below 1954.00 with targets at 1932.00 & 1925.00 in extension.
Alternative scenario:
Above 1954.00 look for further upside with 1963.00 & 1970.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
Crude Oil (WTI) (N3) Intraday: bullish bias above 72.00.
Pivot:
72.00
Our preference:
Long positions above 72.00 with targets at 73.20 & 73.80 in extension.
Alternative scenario:
Below 72.00 look for further downside with 71.00 & 70.10 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.
EUR/USD Intraday: key resistance at 1.0720.
Pivot:
1.0720
Our preference:
Short positions below 1.0720 with targets at 1.0680 & 1.0665 in extension.
Alternative scenario:
Above 1.0720 look for further upside with 1.0735 & 1.0750 as targets.
Comment:
As long as 1.0720 is resistance, look for choppy price action with a bearish bias.
GBP/USD Intraday: choppy.
Pivot:
1.2465
Our preference:
Short positions below 1.2465 with targets at 1.2415 & 1.2395 in extension.
Alternative scenario:
Above 1.2465 look for further upside with 1.2485 & 1.2500 as targets.
Comment:
The RSI is mixed with a bearish bias.
USD/JPY Intraday: further advance.
Pivot:
139.60
Our preference:
Long positions above 139.60 with targets at 140.45 & 140.70 in extension.
Alternative scenario:
Below 139.60 look for further downside with 139.30 & 139.00 as targets.
Comment:
The RSI is bullish and calls for further upside.