
ATFX Trader Magazine
DAILY MARKET NEWSLETTER - 12 April 2023
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Publish Date: Wed, 12 Apr 2023, 01:35 AM
AUD/USD Intraday: bullish bias above 0.6630.
Pivot:
0.6630
Our preference:
Long positions above 0.6630 with targets at 0.6665 & 0.6680 in extension.
Alternative scenario:
Below 0.6630 look for further downside with 0.6615 & 0.6600 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Gold Intraday: watch 2015.00.
Pivot:
1996.00
Our preference:
Long positions above 1996.00 with targets at 2010.00 & 2015.00 in extension.
Alternative scenario:
Below 1996.00 look for further downside with 1990.00 & 1982.00 as targets.
Comment:
The RSI calls for a bounce.

Crude Oil (WTI) (K3) Intraday: intraday support around 81.00.
Pivot:
81.00
Our preference:
Long positions above 81.00 with targets at 81.80 & 82.30 in extension.
Alternative scenario:
Below 81.00 look for further downside with 80.50 & 80.00 as targets.
Comment:
The next resistances are at 81.80 and then at 82.30.

EUR/USD Intraday: further advance.
Pivot:
1.0890
Our preference:
Long positions above 1.0890 with targets at 1.0935 & 1.0950 in extension.
Alternative scenario:
Below 1.0890 look for further downside with 1.0875 & 1.0860 as targets.
Comment:
The RSI is bullish and calls for further upside.

GBP/USD Intraday: the bias remains bullish.
Pivot:
1.2405
Our preference:
Long positions above 1.2405 with targets at 1.2455 & 1.2470 in extension.
Alternative scenario:
Below 1.2405 look for further downside with 1.2390 & 1.2370 as targets.
Comment:
A support base at 1.2405 has formed and has allowed for a temporary stabilisation.

USD/JPY Intraday: expect 134.10.
Pivot:
133.25
Our preference:
Long positions above 133.25 with targets at 133.85 & 134.10 in extension.
Alternative scenario:
Below 133.25 look for further downside with 132.95 & 132.70 as targets.
Comment:
The RSI calls for a bounce.

USDJPY
US Dollar / Japanese Yen
148.599
-0.01%
GBPUSD
Pound Sterling / US Dollar
1.29288
-0.04%
EURUSD
Euro / US Dollar
1.08784
0.04%

WTI.spot
Cash on US OIL Future Spot
78.31
0.17%

XAUUSD
Gold / US Dollar
2988.4
0.02%
AUDUSD
Australian Dollar / US Dollar
0.63245
0.04%
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