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Publish Date: Fri, 16 Jun 2023, 02:45 AM
AUD/USD Intraday: further advance.
Pivot:
0.6850
Our preference:
Long positions above 0.6850 with targets at 0.6910 & 0.6930 in extension.
Alternative scenario:
Below 0.6850 look for further downside with 0.6830 & 0.6810 as targets.
Comment:
The RSI is bullish and calls for further upside.
Gold Intraday: towards 1973.00.
Pivot:
1946.00
Our preference:
Long positions above 1946.00 with targets at 1965.00 & 1973.00 in extension.
Alternative scenario:
Below 1946.00 look for further downside with 1938.00 & 1932.00 as targets.
Comment:
The RSI is bullish and calls for further advance.
Crude Oil (WTI) (N3) Intraday: bullish bias above 69.80.
Pivot:
69.80
Our preference:
Long positions above 69.80 with targets at 71.00 & 71.70 in extension.
Alternative scenario:
Below 69.80 look for further downside with 69.20 & 68.70 as targets.
Comment:
The next resistances are at 71.00 and then at 71.70.
EUR/USD Intraday: 1.1000 in sight.
Pivot:
1.0900
Our preference:
Long positions above 1.0900 with targets at 1.0980 & 1.1000 in extension.
Alternative scenario:
Below 1.0900 look for further downside with 1.0880 & 1.0860 as targets.
Comment:
The RSI is bullish and calls for further advance.
GBP/USD Intraday: the upside prevails.
Pivot:
1.2750
Our preference:
Long positions above 1.2750 with targets at 1.2810 & 1.2840 in extension.
Alternative scenario:
Below 1.2750 look for further downside with 1.2725 & 1.2700 as targets.
Comment:
The RSI advocates for further upside.
USD/JPY Intraday: watch 139.30.
Pivot:
140.70
Our preference:
Short positions below 140.70 with targets at 139.70 & 139.30 in extension.
Alternative scenario:
Above 140.70 look for further upside with 141.10 & 141.50 as targets.
Comment:
The RSI is bearish and calls for further decline.