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Publish Date: Wed, 26 Jul 2023, 02:28 AM
AUD/USD Intraday: further upside.
Pivot:
0.6760
Our preference:
Long positions above 0.6760 with targets at 0.6810 & 0.6825 in extension.
Alternative scenario:
Below 0.6760 look for further downside with 0.6745 & 0.6730 as targets.
Comment:
The RSI advocates for further advance.
Gold Intraday: continuation of the rebound.
Pivot:
1958.00
Our preference:
Long positions above 1958.00 with targets at 1971.00 & 1976.00 in extension.
Alternative scenario:
Below 1958.00 look for further downside with 1953.00 & 1948.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
Crude Oil (WTI) (U3) Intraday: bullish bias above 78.80.
Pivot:
78.80
Our preference:
Long positions above 78.80 with targets at 79.90 & 80.50 in extension.
Alternative scenario:
Below 78.80 look for further downside with 78.30 & 77.80 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
EUR/USD Intraday: bullish bias above 1.1035.
Pivot:
1.1035
Our preference:
Long positions above 1.1035 with targets at 1.1070 & 1.1085 in extension.
Alternative scenario:
Below 1.1035 look for further downside with 1.1020 & 1.1000 as targets.
Comment:
The RSI calls for a rebound.
GBP/USD Intraday: further advance.
Pivot:
1.2860
Our preference:
Long positions above 1.2860 with targets at 1.2920 & 1.2940 in extension.
Alternative scenario:
Below 1.2860 look for further downside with 1.2835 & 1.2810 as targets.
Comment:
The RSI is bullish and calls for further upside.
USD/JPY Intraday: the downside prevails.
Pivot:
141.40
Our preference:
Short positions below 141.40 with targets at 140.50 & 140.20 in extension.
Alternative scenario:
Above 141.40 look for further upside with 141.70 & 141.95 as targets.
Comment:
The RSI calls for a new downleg.