KVB PRIME Daily Analysis
AUD/USD Intraday: key resistance at 0.6330.
Pivot: 0.6330
Our preference: short positions below 0.6330 with targets at 0.6280 & 0.6260 in extension.
Alternative scenario: above 0.6330 look for further upside with 0.6350 & 0.6370 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:0.6370,0.6350,0.6330,0.6313 Last,0.6280,0.626,0.6240
GBP/USD Intraday: key resistance at 1.2100.
Pivot: 1.2100
Our preference: short positions below 1.2100 with targets at 1.2050 & 1.2025 in extension.
Alternative scenario: above 1.2100 look for further upside with 1.2125 & 1.2150 as targets.
Comment: as long as the resistance at 1.2100 is not surpassed, the risk of the break below 1.2050 remains high.
Supports and resistances:1.2150,1.2125,1.2100,1.2081 Last,1.2050,1.2025,1.2000
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