EUR/USD intraday: the upside prevails
Our preference: Long positions above 1.415 with targets @ 1.426 & 1.4305 in extension.Alternative scenario: Below 1.415 look for further downside with 1.411 & 1.406 as targets.
Comment: the pair has broken above its bullish channel upper boundary and remains on the upside.
GBP/USD intraday: further advance.
Our preference: Long positions above 1.61 with targets @ 1.6225 & 1.628 in extension.Alternative scenario: Below 1.61 look for further downside with 1.606 & 1.6 as targets.
Comment: the pair has rebounded on its MT rising trend line and remains on the upside.
USD/JPY intraday: under pressure.
Our preference: Short positions below 81.15 with targets @ 80.8 & 80.6 in extension.Alternative scenario: Above 81.15 look for further upside with 81.3 & 81.55 as targets.
Comment: the pair has struck against its resistance and remains under pressure.
USD/CHF intraday: capped by a negative trend line.
Alternative scenario: Above 0.9735 look for further upside with 0.9765 & 0.9825 as targets.
Comment: the pair remains within a bearish channel, the RSI is badly directed
AUD/USD intraday: towards 1.016.
Our preference: Long positions above 1.006 with targets @ 1.0125 & 1.016 in extension.
Alternative scenario: Below 1.006 look for further downside with 1.002 & 0.9975 as targets.
Comment: the RSI is well directed, the pair remains on the upside and should post a further up move.
USD/CAD intraday: capped by a negative trend line
Our preference: Short positions below 1.006 with targets @ 1.0005 & 0.997 in extension.
Alternative scenario: Above 1.006 look for further upside with 1.0085 & 1.012 as targets.
Comment: the pair remains within a MT bearish channel, the RSI is badly directed.