CAD Pivot: 1.0575* n1 a7 N' T9 `( t( T6 a" w$ A$ j' N
Our preference: Long positions above 1.0575 with targets @ 1.075 & 1.0795 in extension. ' t" l. ~: Q$ H8 CAlternative scenario: Below 1.0575 look for further downside with 1.0542 & 1.0505 as targets. / D9 r% r* v: W) n9 ?5 nComment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. * {' A/ M7 F5 ~. FAUD Pivot: 0.914 / ?4 f( S& _* |# ^8 Z; p R9 T/ lOur preference: Short positions below 0.914 with targets @ 0.895 & 0.8915 in extension. 9 z5 n; Y& w+ i3 J- K s' nAlternative scenario: Above 0.914 look for further upside with 0.921 & 0.925 as targets.5 p: Q# D5 \3 {3 ~8 b0 N+ W3 k
Comment: the RSI has just banged against its neutrality area at 50% and is reversing down.5 p7 G5 W5 r2 T' k/ X! O
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EUR Pivot: 1.5 0 Y: S# i0 V9 w9 J" @Our preference: Short positions below 1.5 with targets @ 1.487 & 1.4825 in extension.1 q2 B. Y! z \" X
Alternative scenario: Above 1.5 look for further upside with 1.5055 & 1.51 as targets. 5 C9 u. U4 i4 b |Comment: as long as 1.5 is resistance, expect a return to 1.487./ K: L0 o: S/ t* Y7 A
* K+ h6 P) O" I, wGBP Pivot: 1.65351 `( K2 K9 ?' l
Our preference: Short positions below 1.6535 with targets @ 1.6375 & 1.6325 in extension.2 [# k! C% |# E0 J! H7 `
Alternative scenario: Above 1.6535 look for further upside with 1.659 & 1.665 as targets. . l% g7 x+ K- |7 p5 ^' bComment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. ) n \7 m L! [EUR/JPY Pivot: 130.25 9 y! G- h3 i5 f7 O4 J2 @Our preference: Short positions below 130.25 with targets @ 128.65 & 127.65 in extension. " y' y+ t" @* |2 x/ {2 PAlternative scenario: Above 130.25 look for further upside with 130.75 & 131.25 as targets.; _) t' n0 n0 o
Comment: the RSI has banged against a major resistance around 70% and is reversing down.1 j. L" m/ f0 n% x( z/ ?1 |
JPY Pivot: 87.05$ H# t0 k/ b5 d
Our preference: Short positions below 87.05 with targets @ 86.3 & 85.75 in extension. 0 I& f' [" g. z: C$ A' h7 SAlternative scenario: Above 87.05 look for further upside with 87.5 & 88 as targets. ( Y2 C l2 ]7 _/ Z' G) j$ sComment: the RSI calls for a drop.