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Publish Date: Mon, 24 Jul 2023, 02:47 AM
AUD/USD Intraday: under pressure.
Pivot:
0.6750
Our preference:
Short positions below 0.6750 with targets at 0.6710 & 0.6690 in extension.
Alternative scenario:
Above 0.6750 look for further upside with 0.6770 & 0.6785 as targets.
Comment:
The RSI is bearish and calls for further decline.
Gold Intraday: key resistance at 1968.00.
Pivot:
1968.00
Our preference:
Short positions below 1968.00 with targets at 1957.00 & 1951.00 in extension.
Alternative scenario:
Above 1968.00 look for further upside with 1973.00 & 1979.00 as targets.
Comment:
The RSI lacks upward momentum.
Crude Oil (WTI) (U3) Intraday: bullish bias above 76.00.
Pivot:
76.00
Our preference:
Long positions above 76.00 with targets at 77.30 & 78.00 in extension.
Alternative scenario:
Below 76.00 look for further downside with 75.40 & 74.50 as targets.
Comment:
The RSI is mixed with a bullish bias.
EUR/USD Intraday: rebound expected.
Pivot:
1.1105
Our preference:
Long positions above 1.1105 with targets at 1.1145 & 1.1160 in extension.
Alternative scenario:
Below 1.1105 look for further downside with 1.1090 & 1.1075 as targets.
Comment:
The RSI calls for a bounce.
GBP/USD Intraday: bullish bias above 1.2815.
Pivot:
1.2815
Our preference:
Long positions above 1.2815 with targets at 1.2880 & 1.2900 in extension.
Alternative scenario:
Below 1.2815 look for further downside with 1.2800 & 1.2780 as targets.
Comment:
A support base at 1.2815 has formed and has allowed for a temporary stabilisation.
USD/JPY Intraday: the upside prevails
Pivot:
141.20
Our preference:
Long positions above 141.20 with targets at 142.15 & 142.40 in extension.
Alternative scenario:
Below 141.20 look for further downside with 140.85 & 140.50 as targets.
Comment:
The RSI advocates for further advance.