CAD Pivot: 1.0575 3 k0 r: Z% @" _8 u8 ]Our preference: Long positions above 1.0575 with targets @ 1.075 & 1.0795 in extension. % V' T! g6 T: L8 _! h- wAlternative scenario: Below 1.0575 look for further downside with 1.0542 & 1.0505 as targets. 4 \8 X. ]; b8 U6 Q) w! j UComment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.7 _3 o! R& E0 j/ k
AUD Pivot: 0.9141 E/ I$ P" C5 L+ n3 {4 b
Our preference: Short positions below 0.914 with targets @ 0.895 & 0.8915 in extension. # H8 C+ A0 |6 H2 g* NAlternative scenario: Above 0.914 look for further upside with 0.921 & 0.925 as targets. * P/ ]3 H4 a3 LComment: the RSI has just banged against its neutrality area at 50% and is reversing down. 0 t8 L$ F: G( x# C4 k+ @ $ h7 R+ X( h2 u+ z% v" M+ b& V1 V9 DEUR Pivot: 1.5 # v# G0 F; [# y% ?! x h1 kOur preference: Short positions below 1.5 with targets @ 1.487 & 1.4825 in extension.7 b. Y8 `) A/ E& `* N9 z
Alternative scenario: Above 1.5 look for further upside with 1.5055 & 1.51 as targets. 8 }6 E; j9 V% p" Z6 BComment: as long as 1.5 is resistance, expect a return to 1.487.9 F& \: Q# P0 f9 y1 A* ~
7 \) \! k: }2 f* N+ v& C- }GBP Pivot: 1.65356 x" P2 J" F2 j3 W% o
Our preference: Short positions below 1.6535 with targets @ 1.6375 & 1.6325 in extension. 1 B2 a# q$ v, S+ s7 u( TAlternative scenario: Above 1.6535 look for further upside with 1.659 & 1.665 as targets. A8 [6 M$ G! e. h. L" o* S$ N/ m2 aComment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. - Z& p( R9 W' Z* w- r+ O" c xEUR/JPY Pivot: 130.25 3 ]0 f% ~; z" p6 w- `5 [Our preference: Short positions below 130.25 with targets @ 128.65 & 127.65 in extension.; E3 o+ y9 m+ o8 B
Alternative scenario: Above 130.25 look for further upside with 130.75 & 131.25 as targets. 6 n [$ z8 a4 g( NComment: the RSI has banged against a major resistance around 70% and is reversing down. o% {; b2 [7 ^3 D* ] x( ]
JPY Pivot: 87.050 e: c' }) } S7 I7 U
Our preference: Short positions below 87.05 with targets @ 86.3 & 85.75 in extension.$ L) J4 l# v' `0 z. P
Alternative scenario: Above 87.05 look for further upside with 87.5 & 88 as targets.6 \+ B- ?* U- a- ^4 }
Comment: the RSI calls for a drop.