Pivot (invalidation): 5.8500 Our preference Short positions below 5.8500 with targets at 5.8190 & 5.8000 in extension. Alternative scenario Above 5.8500 look for further upside with 5.8910 & 5.9200 as targets...
Pivot (invalidation): 1.3465 Our preference Short positions below 1.3465 with targets at 1.3430 & 1.3395 in extension. Alternative scenario Above 1.3465 look for further upside with 1.3485 & 1.3520 as targets...
Pivot (invalidation): 0.6950 Our preference Long positions above 0.6950 with targets at 0.6985 & 0.7005 in extension. Alternative scenario Below 0.6950 look for further downside with 0.6935 & 0.6925 as targets...
Pivot (invalidation): 0.9960 Our preference Short positions below 0.9960 with targets at 0.9895 & 0.9870 in extension. Alternative scenario Above 0.9960 look for further upside with 1.0000 & 1.0035 as targets...
Pivot (invalidation): 1.2650 Our preference Long positions above 1.2650 with targets at 1.2685 & 1.2705 in extension. Alternative scenario Below 1.2650 look for further downside with 1.2630 & 1.2610 as targets...
Pivot (invalidation): 108.15 Our preference Short positions below 108.15 with targets at 107.80 & 107.55 in extension. Alternative scenario Above 108.15 look for further upside with 108.40 & 108.70 as targets...
Pivot (invalidation): 1.1230 Our preference Long positions above 1.1230 with targets at 1.1260 & 1.1290 in extension. Alternative scenario Below 1.1230 look for further downside with 1.1210 & 1.1190 as targets...
AUDUSD risk continues to point higher on price recovery in the new week. On the upside, resistance lies at the 1.7000 level. A cut through here will turn attention to the 0.7050 level and then the 0.7100 level where a violation will set the stage for a retarget of the 0.7150 level...
Optimism over the reelection of PM Narendra Modi business-friendly policies for a second five-year term and a rebound of manufacturing PMI at 3-months high have given INR a big push in the past few days...
Pivot (invalidation): 54.00 Our preference Short positions below 54.00 with targets at 52.10 & 51.60 in extension. Alternative scenario Above 54.00 look for further upside with 54.70 & 55.60 as targets...
Pivot (invalidation): 14.5500 Our preference Long positions above 14.5500 with targets at 14.7300 & 14.8100 in extension. Alternative scenario Below 14.5500 look for further downside with 14.4700 & 14.4200 as targets...
Pivot (invalidation): 1303.00 Our preference Long positions above 1303.00 with targets at 1318.00 & 1324.50 in extension. Alternative scenario Below 1303.00 look for further downside with 1299.00 & 1295.50 as targets...
Pivot (invalidation): 2768.25 Our preference Short positions below 2768.25 with targets at 2735.75 & 2723.50 in extension. Alternative scenario Above 2768.25 look for further upside with 2781.65 & 2801.00 as targets...
Pivot (invalidation): 11800.00 Our preference Short positions below 11800.00 with targets at 11590.00 & 11520.00 in extension. Alternative scenario Above 11800.00 look for further upside with 11860.00 & 11920.00 as targets...
Pivot (invalidation): 5.8750 Our preference Short positions below 5.8750 with targets at 5.8190 & 5.8000 in extension. Alternative scenario Above 5.8750 look for further upside with 5.9200 & 5.9600 as targets...
Pivot (invalidation): 0.6925 Our preference Long positions above 0.6925 with targets at 0.6970 & 0.7000 in extension. Alternative scenario Below 0.6925 look for further downside with 0.6900 & 0.6880 as targets...
Pivot (invalidation): 1.3525 Our preference Short positions below 1.3525 with targets at 1.3480 & 1.3455 in extension. Alternative scenario Above 1.3525 look for further upside with 1.3545 & 1.3565 as targets...
Pivot (invalidation): 1.0000 Our preference Short positions below 1.0000 with targets at 0.9965 & 0.9940 in extension. Alternative scenario Above 1.0000 look for further upside with 1.0020 & 1.0040 as targets...
