GBP/USD             28/03/2013

1 week Trend:   (=) 1 month Trend:  (=)
GBP/USD intraday: bullish bias above 1.509.
Pivot: 1.509

Our preference: Long positions above 1.509 with targets @ 1.5185 & 1.521 in extension.

Alternative scenario: Below 1.509 look for further downside with 1.507 & 1.5025 as targets.

Comment: the pair is rebounding and should post further advance as the RSI is well directed.

Key levels
1.5235
1.521
1.5185
1.5157 last
1.509
1.507
1.5025

EUR/USD             28/03/2013

1 week Trend:  (=) 1 month Trend:  (=)
EUR/USD intraday: under pressure.
Pivot: 1.283

Our preference: Short positions below 1.283 with targets @ 1.273 & 1.268 in extension.

Alternative scenario: Above 1.283 look for further upside with 1.2895 & 1.292 as targets.

Comment: the pair is posting a rebound but stands below its resistance, the RSI lacks upward momentum.

Key levels
1.292
1.2895
1.283
1.27925 last
1.273
1.268
1.266

AUD/USD             28/03/2013

1 week Trend:  (=) 1 month Trend:   (=)
AUD/USD intraday: the downside prevails.
Pivot: 1.0465

Our preference: Short positions below 1.0465 with targets @ 1.0415 & 1.0385 in extension.

Alternative scenario: Above 1.0465 look for further upside with 1.0495 & 1.0525 as targets.

Comment: the pair remains under pressure and is challenging its support, the RSI stands below its neutrality area.

Key levels
1.0525
1.0495
1.0465
1.04308 last
1.0415
1.0385
1.036

Technical Analysis – Time MetaTrader4