Pivot (invalidation): 1.3330 Our preference Short positions below 1.3330 with targets at 1.3270 & 1.3240 in extension. Alternative scenario Above 1.3330 look for further upside with 1.3360 & 1.3400 as targets...
Pivot (invalidation): 0.9160 Our preference Short positions below 0.9160 with targets at 0.9095 & 0.9070 in extension. Alternative scenario Above 0.9160 look for further upside with 0.9185 & 0.9210 as targets...
Pivot (invalidation): 105.85 Our preference Short positions below 105.85 with targets at 105.45 & 105.25 in extension. Alternative scenario Above 105.85 look for further upside with 106.20 & 106.45 as targets...
Pivot (invalidation): 1.3050 Our preference Long positions above 1.3050 with targets at 1.3105 & 1.3140 in extension. Alternative scenario Below 1.3050 look for further downside with 1.3010 & 1.2980 as targets...
Pivot (invalidation): 1.1780 Our preference Long positions above 1.1780 with targets at 1.1820 & 1.1860 in extension. Alternative scenario Below 1.1780 look for further downside with 1.1750 & 1.1720 as targets...
At the regular scheduled meeting on Tuesday, the Reserve Bank of Australia left monetary policy unchanged, keeping the key interest rate at a record low of 0.25%, and the target level of 3-year government bond yield - also at 0.25...
Pivot (invalidation): 40.35 Our preference Long positions above 40.35 with targets at 41.20 & 41.55 in extension. Alternative scenario Below 40.35 look for further downside with 39.95 & 39.60 as targets...
Pivot (invalidation): 24.1400 Our preference Long positions above 24.1400 with targets at 24.7000 & 24.9500 in extension. Alternative scenario Below 24.1400 look for further downside with 24.0000 & 23.8000 as targets...
Pivot (invalidation): 1966.00 Our preference Long positions above 1966.00 with targets at 1988.00 & 2000.00 in extension. Alternative scenario Below 1966.00 look for further downside with 1959.00 & 1949.00 as targets...
Pivot (invalidation): 3272.00 Our preference Long positions above 3272.00 with targets at 3329.00 & 3360.00 in extension. Alternative scenario Below 3272.00 look for further downside with 3223.00 & 3200.00 as targets...
Pivot (invalidation): 12500.00 Our preference Long positions above 12500.00 with targets at 12770.00 & 12825.00 in extension. Alternative scenario Below 12500.00 look for further downside with 12370.00 & 12260.00 as targets...
Pivot (invalidation): 6.9540 Our preference Long positions above 6.9540 with targets at 6.9870 & 7.0060 in extension. Alternative scenario Below 6.9540 look for further downside with 6.9330 & 6.9170 as targets...
Pivot (invalidation): 0.7100 Our preference Long positions above 0.7100 with targets at 0.7150 & 0.7175 in extension. Alternative scenario Below 0.7100 look for further downside with 0.7075 & 0.7050 as targets...
Pivot (invalidation): 1.3420 Our preference Short positions below 1.3420 with targets at 1.3370 & 1.3350 in extension. Alternative scenario Above 1.3420 look for further upside with 1.3450 & 1.3480 as targets...
Pivot (invalidation): 0.9200 Our preference Short positions below 0.9200 with targets at 0.9160 & 0.9140 in extension. Alternative scenario Above 0.9200 look for further upside with 0.9220 & 0.9240 as targets...
Pivot (invalidation): 105.85 Our preference Long positions above 105.85 with targets at 106.45 & 106.70 in extension. Alternative scenario Below 105.85 look for further downside with 105.55 & 105.25 as targets...
Pivot (invalidation): 1.3040 Our preference Long positions above 1.3040 with targets at 1.3105 & 1.3140 in extension. Alternative scenario Below 1.3040 look for further downside with 1.3005 & 1.2975 as targets...
Pivot (invalidation): 1.1735 Our preference Long positions above 1.1735 with targets at 1.1780 & 1.1805 in extension. Alternative scenario Below 1.1735 look for further downside with 1.1695 & 1.1660 as targets...
The pound remains under pressure from Brexit risks. It strengthened slightly earlier in the European session today after the July Purchasing Managers Index (for the UK manufacturing sector) publication. Markit Economics has released updated data that showed the UK manufacturing PMI rose to 53...
