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Publish Date: Tue, 20 Jun 2023, 02:52 AM
AUD/USD Intraday: towards 0.6820.
Pivot:
0.6870
Our preference:
Short positions below 0.6870 with targets at 0.6835 & 0.6820 in extension.
Alternative scenario:
Above 0.6870 look for further upside with 0.6885 & 0.6900 as targets.
Comment:
A break below 0.6835 would trigger a drop towards 0.6820.
Gold Intraday: key resistance at 1959.00.
Pivot:
1959.00
Our preference:
Short positions below 1959.00 with targets at 1945.00 & 1939.00 in extension.
Alternative scenario:
Above 1959.00 look for further upside with 1966.00 & 1973.00 as targets.
Comment:
As long as the resistance at 1959.00 is not surpassed, the risk of the break below 1945.00 remains high.
Crude Oil (WTI) (Q3) Intraday: choppy.
Pivot:
72.20
Our preference:
Short positions below 72.20 with targets at 70.80 & 70.20 in extension.
Alternative scenario:
Above 72.20 look for further upside with 73.00 & 73.90 as targets.
Comment:
As long as 72.20 is resistance, look for choppy price action with a bearish bias.
EUR/USD Intraday: watch 1.0890.
Pivot:
1.0940
Our preference:
Short positions below 1.0940 with targets at 1.0905 & 1.0890 in extension.
Alternative scenario:
Above 1.0940 look for further upside with 1.0955 & 1.0970 as targets.
Comment:
The RSI advocates for further downside.
GBP/USD Intraday: consolidation
Pivot:
1.2820
Our preference:
Short positions below 1.2820 with targets at 1.2770 & 1.2755 in extension.
Alternative scenario:
Above 1.2820 look for further upside with 1.2835 & 1.2850 as targets.
Comment:
As long as 1.2820 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: the upside prevails.
Pivot:
141.65
Our preference:
Long positions above 141.65 with targets at 142.10 & 142.30 in extension.
Alternative scenario:
Below 141.65 look for further downside with 141.45 & 141.20 as targets.
Comment:
The RSI calls for a bounce.