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Publish Date: Fri, 23 Jun 2023, 02:44 AM
AUD/USD Intraday: expect 0.6720.
Pivot:
0.6785
Our preference:
Short positions below 0.6785 with targets at 0.6740 & 0.6720 in extension.
Alternative scenario:
Above 0.6785 look for further upside with 0.6805 & 0.6825 as targets.
Comment:
As long as the resistance at 0.6785 is not surpassed, the risk of the break below 0.6740 remains high.
Gold Intraday: 1900.00 in sight.
Pivot:
1924.00
Our preference:
Short positions below 1924.00 with targets at 1908.00 & 1900.00 in extension.
Alternative scenario:
Above 1924.00 look for further upside with 1930.00 & 1937.00 as targets.
Comment:
The RSI is bearish and calls for further downside.
Crude Oil (WTI) (Q3) Intraday: the downside prevails.
Pivot:
70.30
Our preference:
Short positions below 70.30 with targets at 68.70 & 68.00 in extension.
Alternative scenario:
Above 70.30 look for further upside with 71.10 & 71.70 as targets.
Comment:
A break below 68.70 would trigger a drop towards 68.00.
EUR/USD Intraday: towards 1.0920.
Pivot:
1.0980
Our preference:
Short positions below 1.0980 with targets at 1.0935 & 1.0920 in extension.
Alternative scenario:
Above 1.0980 look for further upside with 1.0995 & 1.1010 as targets.
Comment:
The RSI is bearish and calls for further decline.
GBP/USD Intraday: choppy.
Pivot:
1.2780
Our preference:
Short positions below 1.2780 with targets at 1.2710 & 1.2690 in extension.
Alternative scenario:
Above 1.2780 look for further upside with 1.2800 & 1.2820 as targets.
Comment:
As long as 1.2780 is resistance, look for choppy price action with a bearish bias.
USD/JPY Intraday: the upside prevails.
Pivot:
142.60
Our preference:
Long positions above 142.60 with targets at 143.40 & 143.70 in extension.
Alternative scenario:
Below 142.60 look for further downside with 142.30 & 141.90 as targets.
Comment:
The RSI calls for a new upleg.