CAD Pivot: 1.0575* E F" P( l: A7 ]2 Q
Our preference: Long positions above 1.0575 with targets @ 1.075 & 1.0795 in extension.; I2 }! X& ]8 Z' Y; I9 h* W6 a
Alternative scenario: Below 1.0575 look for further downside with 1.0542 & 1.0505 as targets./ u# H e: B8 o1 e* a7 }
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. 7 {; q" f% q) c+ C6 o+ PAUD Pivot: 0.914 3 ~# Y# ~4 E) W- a* yOur preference: Short positions below 0.914 with targets @ 0.895 & 0.8915 in extension./ L9 `2 g f% l7 S- d
Alternative scenario: Above 0.914 look for further upside with 0.921 & 0.925 as targets. / y. l! m0 T3 v# o0 f( VComment: the RSI has just banged against its neutrality area at 50% and is reversing down. * ~) }* E" B( `- R5 W5 d8 R% ^: m+ U( e
EUR Pivot: 1.5$ w3 O/ P) i/ x/ p3 a5 x3 U
Our preference: Short positions below 1.5 with targets @ 1.487 & 1.4825 in extension.) D: {1 j& k9 ?
Alternative scenario: Above 1.5 look for further upside with 1.5055 & 1.51 as targets. 5 m) r2 I. `! g5 SComment: as long as 1.5 is resistance, expect a return to 1.487.7 x3 M& k" \( J: J
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GBP Pivot: 1.6535 0 s4 p `3 ?* C* v7 F/ `- mOur preference: Short positions below 1.6535 with targets @ 1.6375 & 1.6325 in extension. ' y" c$ D7 q: [Alternative scenario: Above 1.6535 look for further upside with 1.659 & 1.665 as targets. " g9 o/ V' t a- H8 ]6 SComment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. : S- r% X7 L1 o4 A& C) aEUR/JPY Pivot: 130.251 }) F( ^1 A) q- J$ t! i4 g3 W
Our preference: Short positions below 130.25 with targets @ 128.65 & 127.65 in extension. ) r9 \- c" v, {( ]5 ?Alternative scenario: Above 130.25 look for further upside with 130.75 & 131.25 as targets.0 s* |/ M; J; t3 R
Comment: the RSI has banged against a major resistance around 70% and is reversing down. " N9 e$ ^0 c0 p$ FJPY Pivot: 87.05 Y3 n2 t$ X- w# B( SOur preference: Short positions below 87.05 with targets @ 86.3 & 85.75 in extension./ [/ U! T# G8 X' D m0 D$ B
Alternative scenario: Above 87.05 look for further upside with 87.5 & 88 as targets.6 ]3 d9 @. \ A3 v! p5 c5 f
Comment: the RSI calls for a drop.