Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
AUD/USD Intraday: the upside prevails.
Pivot:
0.6675
Our preference:
Long positions above 0.6675 with targets at 0.6720 & 0.6735 in extension.
Alternative scenario:
Below 0.6675 look for further downside with 0.6660 & 0.6645 as targets.
Comment:
The RSI shows upside momentum.
EUR/USD Intraday: consolidation.
Pivot:
1.0950
Our preference:
Short positions below 1.0950 with targets at 1.0915 & 1.0900 in extension.
Alternative scenario:
Above 1.0950 look for further upside with 1.0965 & 1.0980 as targets.
Comment:
The RSI lacks upward momentum.
Gold Intraday: rebound.
Pivot:
2028.00
Our preference:
Long positions above 2028.00 with targets at 2043.00 & 2048.00 in extension.
Alternative scenario:
Below 2028.00 look for further downside with 2023.00 & 2017.00 as targets.
Comment:
The break above 2028.00 is a positive signal that has opened a path to 2043.00.
GBP/USD Intraday: consolidation.
Pivot:
1.2730
Our preference:
Short positions below 1.2730 with targets at 1.2685 & 1.2670 in extension.
Alternative scenario:
Above 1.2730 look for further upside with 1.2750 & 1.2770 as targets.
Comment:
The RSI lacks upward momentum.
