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Publish Date: Wed, 14 Jun 2023, 05:09 AM
AUD/USD Intraday: the bias remains bullish.
Pivot:
0.6750
Our preference:
Long positions above 0.6750 with targets at 0.6790 & 0.6805 in extension.
Alternative scenario:
Below 0.6750 look for further downside with 0.6735 & 0.6720 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Gold Intraday: the downside prevails.
Pivot:
1952.00
Our preference:
Short positions below 1952.00 with targets at 1939.00 & 1933.00 in extension.
Alternative scenario:
Above 1952.00 look for further upside with 1958.00 & 1964.00 as targets.
Comment:
The RSI calls for a new downleg.
Crude Oil (WTI) (N3) Intraday: the bias remains bullish.
Pivot:
68.25
Our preference:
Long positions above 68.25 with targets at 69.80 & 70.80 in extension.
Alternative scenario:
Below 68.25 look for further downside with 67.50 & 66.80 as targets.
Comment:
The RSI is above its neutrality area at 50%.
EUR/USD Intraday: bullish bias above 1.0770.
Pivot:
1.0770
Our preference:
Long positions above 1.0770 with targets at 1.0805 & 1.0820 in extension.
Alternative scenario:
Below 1.0770 look for further downside with 1.0755 & 1.0740 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
GBP/USD Intraday: the upside prevails.
Pivot
1.2570
Our preference:
Long positions above 1.2570 with targets at 1.2625 & 1.2650 in extension.
Alternative scenario:
Below 1.2570 look for further downside with 1.2540 & 1.2515 as targets.
Comment:
The RSI advocates for further advance.
USD/JPY Intraday: further advance.
Pivot:
139.80
Our preference:
Long positions above 139.80 with targets at 140.45 & 140.70 in extension.
Alternative scenario:
Below 139.80 look for further downside with 139.50 & 139.20 as targets.
Comment:
The RSI is bullish and calls for further upside.