TECHNICAL ANALYSIS 4/10/2012

EURUSD Pivot: 1.2875 Our preference: Long positions above 1.2875 with targets @ 1.2965 & 1.2985 in extension. Alternative scenario: Below 1.2875 look for further downside with 1.284 & 1.28 as targets. Comment: the RSI is bullish and calls for further upside. Key levels 1.303 1.2985 1.2965 1.29244 last 1.2875 1.284 1.28

GBPUSD Pivot: 1.613 Our preference: Short positions below 1.613 with targets @ 1.604 & 1.6015 in extension. Alternative scenario: Above 1.613 look for further upside with 1.6165 & 1.6185 as targets. Comment: as long as 1.613 is resistance, look for choppy price action with a bearish bias. Key levels 1.6185 1.6165 1.613 1.6095 last 1.604 1.6015 1.5980

USDJPY Pivot: 78.35 Our preference: Long positions above 78.35 with targets @ 78.85 & 79 in extension. Alternative scenario: Below 78.35 look for further downside with 78.2 & 78 as targets. Comment: the RSI is bullish and calls for further advance. Key levels 79.2 79 78.85 78.679 last 78.35 78.2 78

Pivot: 100.85 Our preference: Long positions above 100.85 with targets @ 101.65 & 102.1 in extension. Alternative scenario: Below 100.85 look for further downside with 100.65 & 100.4 as targets. Comment: the RSI is above its neutrality area at 50%. Key levels 102.35 102.1 101.65 101.349 last 100.85 100.65 100.4

GOLD Pivot: 1770.00 Our Preference: LONG positions above 1770 with 1783 & 1791 in sight. Alternative scenario: The downside penetration of 1770 will call for a slide towards 1763 & 1759. Comment: the RSI is mixed with a bullish bias. Trend: ST Ltd upside; MT Bullish Key levels Comment 1800*** Intraday resistance 1791** Intraday resistance 1783* Intraday resistance 1780.9 Last 1770** Intraday pivot point 1763** Previous low 1759** Intraday support

NZDUSD Pivot: 0.8265 Our preference: Short positions below 0.8265 with targets @ 0.8175 & 0.815 in extension. Alternative scenario: Above 0.8265 look for further upside with 0.8315 & 0.8335 as targets. Comment: a break below 0.8175 would trigger a drop towards 0.815. Key levels 0.8335 0.8315 0.8265 0.8195 last 0.8175 0.815 0.813

AUDUSD Pivot: 1.0235 Our preference: Short positions below 1.0235 with targets @ 1.017 & 1.015 in extension. Alternative scenario: Above 1.0235 look for further upside with 1.029 & 1.035 as targets. Comment: the RSI is badly directed. Key levels 1.035 1.029 1.0235 1.01928 last 1.017 1.015 1.009