Sample Category Title

Pivot (invalidation): 69.15

Our preference Short positions below 69.15 with targets at 67.50 & 66.65 in extension.

Alternative scenario Above 69.15 look for further upside with 70.05 & 71.00 as targets.

Comment The RSI is mixed with a bearish bias. Brent opened with a bearish gap this morning.

Pivot (invalidation): 16.4600

Our preference Short positions below 16.4600 with targets at 16.2500 & 16.1800 in extension.

Alternative scenario Above 16.4600 look for further upside with 16.5500 & 16.6300 as targets.

Comment The RSI is bearish and calls for further downside.

Pivot (invalidation): 1271.00

Our preference Short positions below 1271.00 with targets at 1264.50 & 1261.00 in extension.

Alternative scenario Above 1271.00 look for further upside with 1276.50 & 1280.50 as targets.

Comment The RSI is bearish and calls for further decline.

Pivot (invalidation): 0.8770

Our preference Long positions above 0.8770 with targets at 0.8805 & 0.8825 in extension.

Alternative scenario Below 0.8770 look for further downside with 0.8750 & 0.8730 as targets.

Comment Technically the RSI is above its neutrality area at 50.

Pivot (invalidation): 0.7445

Our preference Short positions below 0.7445 with targets at 0.7400 & 0.7370 in extension.

Alternative scenario Above 0.7445 look for further upside with 0.7475 & 0.7500 as targets.

Comment The RSI shows downside momentum.

Pivot (invalidation): 1.3310

Our preference Short positions below 1.3310 with targets at 1.3255 & 1.3225 in extension.

Alternative scenario Above 1.3310 look for further upside with 1.3345 & 1.3380 as targets.

Comment The upward potential is likely to be limited by the resistance at 1.3310

Pivot (invalidation): 0.9890

Our preference Short positions below 0.9890 with targets at 0.9865 & 0.9855 in extension.

Alternative scenario Above 0.9890 look for further upside with 0.9915 & 0.9935 as targets.

Comment As Long as the resistance at 0.9890 is not surpassed, the risk of the break below 0.9865 remains high.

Pivot (invalidation): 109.80

Our preference Short positions below 109.80 with targets at 109.35 & 109.00 in extension.

Alternative scenario Above 109.80 look for further upside with 110.05 & 110.20 as targets.

Comment The RSI has broken down its 30 level.

Pivot (invalidation): 1.3245

Our preference Long positions above 1.3245 with targets at 1.3275 & 1.3295 in extension.

Alternative scenario Below 1.3245 look for further downside with 1.3215 & 1.3180 as targets.

Comment Intraday technical indicators are mixed and call for caution.

Daily Pivots: (S1) 0.7393; (P) 0.7419; (R1) 0.7466; More...

Intraday bias in AUD/USD is mildly on the upside as recovery from 0.7345 might extend higher. But upside should be limited below 0.7676 resistance to bring fall resumption. On the downside break of 0.7328 cluster support (61.8% retracement of 0.6826 to 0.8135 at 0.7326) will target 61.8% projection of 0.8135 to 0.7411 from 0.7676 at 0.7229 next.

In the bigger picture, medium term rebound from 0.6826 is seen as a corrective move that should be completed at 0.8135. Deeper decline would be seen back to retest 0.6826 low. This will now remain the favored case as long as 0.7676 resistance holds.