TECHNICAL ANALYSIS 16/10/2012

AUDUSD Pivot: 1.021 Our preference: Long positions above 1.021 with targets @ 1.0295 & 1.032 in extension. Alternative scenario: Below 1.021 look for further downside with 1.018 & 1.0145 as targets. Comment: the RSI is well directed. Key levels 1.0335 1.032 1.0295 1.026 last 1.021 1.018 1.0145

EURUSD Pivot: 1.2915 Our preference: Long positions above 1.2915 with targets @ 1.299 & 1.301 in extension. Alternative scenario: Below 1.2915 look for further downside with 1.2875 & 1.285 as targets. Comment: the next resistances are at 1.299 and then at 1.301. Key levels 1.303 1.301 1.299 1.29632 last 1.2915 1.2875 1.285

GBPUSD Pivot: 1.602 Our preference: Long positions above 1.602 with targets @ 1.61 & 1.612 in extension. Alternative scenario: Below 1.602 look for further downside with 1.6 & 1.598 as targets. Comment: the RSI lacks downward momentum. Key levels 1.614 1.612 1.61 1.607 last 1.602 1.6 1.598

USDJPY Pivot: 78.6 Our preference: Long positions above 78.6 with targets @ 78.9 & 79 in extension. Alternative scenario: Below 78.6 look for further downside with 78.45 & 78.25 as targets. Comment: the next resistances are at 78.9 and then at 79. Key levels 79.15 79 78.9 78.81 last 78.6 78.45 78.25

Pivot: 101.6 Our preference: Long positions above 101.6 with targets @ 102.3 & 102.6 in extension. Alternative scenario: Below 101.6 look for further downside with 101.2 & 100.9 as targets. Comment: the next resistances are at 102.3 and then at 102.6. Key levels 102.8 102.6 102.3 102.17 last 101.6 101.2 100.9

GOLD Pivot: 1741.00 Our Preference: SHORT positions below 1741 with 1724 & 1714 in sight. Alternative scenario: The upside breakout of 1741 will open the way to 1749 & 1757. Comment: the RSI is mixed with a bearish bias. Trend: ST Ltd upside; MT Bullish Key levels Comment 1757** Intraday resistance 1749** Intraday resistance 1741** Intraday pivot point 1735.8 Last 1724** Intraday support 1714** Intraday support 1698* Intraday support

NZDUSD Pivot: 0.8165 Our preference: Short positions below 0.8165 with targets @ 0.8125 & 0.81 in extension. Alternative scenario: Above 0.8165 look for further upside with 0.8185 & 0.82 as targets. Comment: the upward potential is likely to be limited by the resistance at 0.8165. Key levels 0.82 0.8185 0.8165 0.81596 last 0.8125 0.81 0.8075