Empire Trade

AUD/USD Intraday: the upside prevails.

Pivot: 0.877
Our preference: Long positions above 0.877 with targets @ 0.888 & 0.892 in extension.
Alternative scenario: Below 0.877 look for further downside with 0.8705 & 0.867 as targets.
Comment: The pair has broken above a key resistance and remains on the upside.

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Gold spot Intraday: caution - updates

Pivot: 1238
Our preference: Long positions above 1238 with targets @ 1255 & 1267 in extension.
Alternative scenario: Below 1238 look for further downside with 1227 & 1218 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Check For Technical Updats : http://fxesolutions.blogspot.in

AUD/USD Intraday: under pressure - updats

Pivot: 0.897
Our preference: Short positions below 0.897 with targets @ 0.891 & 0.8875 in extension.
Alternative scenario: Above 0.897 look for further upside with 0.9015 & 0.9045 as targets.
Comment: The pair remains under pressure and is challenging its support.
Check For Technical Updats : http://fxesolutions.blogspot.in/