EUR/USD intraday: turning down.
Pivot: 1.258
Our preference: Short positions below 1.258 with targets @ 1.2525 & 1.248 in extension.
Alternative scenario: Above 1.258 look for further upside with 1.261 & 1.265 as targets.
Comment: The pair should post a down move as the RSI is turning down.
GBP/USD intraday: expect 1.523.
Pivot: 1.515
Our preference: Long positions above 1.515 with targets @ 1.523 & 1.5285 in extension.
Alternative scenario: Below 1.515 look for further downside with 1.51 & 1.505 as targets.
Comment: the pair is standing above its support, the RSI lacks downward momentum.
USD/CHF intraday: capped by a negative trend line.
Pivot: 1.07
Our preference: Short positions below 1.07 with targets @ 1.058 & 1.05 in extension.
Alternative scenario: Above 1.07 look for further upside with 1.075 & 1.079 as targets.
Comment: the pair remains capped by a MT declining trend line.
USD/JPY intraday: the downside prevails.
Pivot: 88.25
Our preference: Short positions below 88.25 with targets @ 87.35 & 86.95 in extension.
Alternative scenario: Above 88.25 look for further upside with 88.75 & 89.25 as targets.
Comment: the pair remains capped by a declining trend line, the RSI is mixed.
USD/CAD intraday: continuation of the rebound.
Pivot: 1.061
Our preference: Long positions above 1.061 with targets @ 1.068 & 1.072 in extension.
Alternative scenario: Below 1.061 look for further downside with 1.0555 & 1.053 as targets.
Comment: the pair has struck against its channel support, the RSI is mixed.
AUD/USD intraday: under pressure.
Pivot: 0.845
Our preference: Short positions below 0.845 with targets @ 0.84 & 0.8315 in extension.
Alternative scenario: Above 0.845 look for further upside with 0.851 & 0.855 as targets.
Comment: the pair has struck against its new resistance and should post a further weakness.
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