TECHNICAL ANALYSIS 8/11/2012

eurusd Pivot: 1.281 Our preference: Short positions below 1.281 with targets @ 1.269 & 1.264 in extension. Alternative scenario: Above 1.281 look for further upside with 1.284 & 1.2875 as targets. Comment: the RSI is badly directed. Key levels 1.2875 1.284 1.281 1.27444 last 1.269 1.264 1.259

gbpusd Pivot: 1.6015 Our preference: Short positions below 1.6015 with targets @ 1.595 & 1.592 in extension. Alternative scenario: Above 1.6015 look for further upside with 1.605 & 1.608 as targets. Comment: as long as the resistance at 1.6015 is not surpassed, the risk of the break below 1.595 remains high. Key levels 1.608 1.605 1.6015 1.5973 last 1.595 1.592 1.5905

usdjpy Pivot: 80.15 Our preference: Short positions below 80.15 with targets @ 79.75 & 79.65 in extension. Alternative scenario: Above 80.15 look for further upside with 80.3 & 80.45 as targets. Comment: a break below 79.75 would trigger a drop towards 79.65. Key levels 80.45 80.3 80.15 79.84 last 79.75 79.65 79.5 _______

eurpy Pivot: 102.35 Our preference: Short positions below 102.35 with targets @ 101.6 & 101.25 in extension. Alternative scenario: Above 102.35 look for further upside with 102.75 & 103 as targets. Comment: a break below 101.6 would trigger a drop towards 101.25. Key levels 103 102.75 102.35 101.778 last 101.6 101.25 101

gold Pivot: 1721.00 Our preference: SHORT positions below 1721 with 1702.5 & 1694 in sight. Alternative scenario: The upside penetration of 1721 will call for a rebound towards 1732 & 1742. Comment: the RSI is capped by a bearish trend line. Trend: ST Consolidation; MT Ltd upside Key levels Comment 1742** Intraday resistance 1732*** Intraday resistance 1721** Intraday pivot point 1715.9 Last 1702.5** Intraday support 1694** Intraday support 1684** Intraday support

nzdusd Pivot: 0.8205 Our preference: Short positions below 0.8205 with targets @ 0.815 & 0.8135 in extension. Alternative scenario: Above 0.8205 look for further upside with 0.8225 & 0.825 as targets. Comment: the RSI has broken down its 30 level. Key levels 0.825 0.8225 0.8205 0.81588 last 0.815 0.8135 0.811

audusd Pivot: 1.044 Our preference: Short positions below 1.044 with targets @ 1.038 & 1.035 in extension. Alternative scenario: Above 1.044 look for further upside with 1.0475 & 1.0495 as targets. Comment: a break below 1.038 would trigger a drop towards 1.035. Key levels 1.0495 1.0475 1.044 1.0396 last 1.038 1.035 1.0325