TECHNICAL ANALYSIS 04/01/2013

eurusd Pivot: 1.3125. Our preference: SHORT positions @ 1.3115 with 1.3015 & 1.297 in sight. Alternative scenario: The upside breakout of 1.3125 will open the way to 1.317 & 1.3235. Comment: the pair has broken below a strong intraday support and remains capped by a declining trend line, the RSI is rebounding but stands below its neutral area. Trend: ST Ltd Upside; MT Range Key levels Comment 1.3235** Intraday resistance 1.317*** Intraday resistance 1.3125*** Intraday pivot point 1.3039 Last 1.3015*** Intraday support 1.297** Intraday support 1.2935** Intraday support

gbpusd Pivot: 1.6140. Our preference: SHORT positions @ 1.613 with 1.606 & 1.604 as next targets. Alternative scenario: The upside penetration of 1.614 will call for 1.6175 & 1.62. Comment: the pair stands below its new resistance and is challenging a nice support (previous low), a rebound should not be ruled ahead of further weakness as the RSI remains badly directed. Trend: ST Ltd Upside; MT Range Key levels Comment 1.62*** Intraday resistance 1.6175** Intraday resistance 1.614*** Intraday pivot point 1.6076 Last 1.606** Intraday support 1.604** Intraday support 1.6*** Intraday support

usdjpy Pivot: 87.10. Our preference: LONG positions @ 87.2 with 88.15 & 88.6 in sight. Alternative scenario: The downside penetration of 87.1 will call for 86.75 & 86.5. Comment: the pair has broken above a new resistance and remains on the upside within a bullish channel, the RSI remains well directed and below its overbought area. Trend: ST Ltd Upside; MT Range Key levels Comment 89* Intraday resistance 88.6** Intraday resistance 88.15** Intraday resistance 87.73 Last 87.1** Intraday pivot point 86.75*** Intraday support 86.5** Intraday support

eurjpy Pivot: 113.6 Our preference: Long @ 113.67 with targets @ 114.75 & 115.2 in extension. Alternative scenario: Below 113.6 look for further downside with 113.25 & 112.9 as targets. Comment: the pair has rebounded on a strong intraday support and has broken above a bearish channel upper boundary. Further advance is expected as the RSI stands above its neutral area. Key levels 115.6 115.2 114.75 114.43 last 113.6 113.25 112.9

gold Pivot: 1665.00 Our preference: SHORT positions below 1665 with 1635 & 1625 in sight. Alternative scenario: The upside penetration of 1665 will call for a rebound towards 1675 & 1682. Comment: the 50 moving average is heading down and the RSI is below its neutrality area at 50. As long as 1665 is resistance, look for choppy price action with a bearish bias. Trend: ST Ltd downside; MT Range Key levels Comment 1682** Intraday resistance 1675** Fib retracement (61.8%) 1665** Intraday pivot point 1653.34 Last 1635** Previous low 1625*** Horizontal support 1610** Intraday support

nzdusd Pivot: 0.83 Our preference: Short positions below 0.83 with targets @ 0.8205 & 0.8155 in extension. Alternative scenario: Above 0.83 look for further upside with 0.835 & 0.839 as targets. Comment: the break below 0.83 is a negative signal that has opened a path to 0.8205. Key levels 0.839 0.835 0.83 0.8245 last 0.8205 0.8155 0.8105

audusd Pivot: 1.047 Our preference: Short positions below 1.047 with targets @ 1.042 & 1.0405 in extension. Alternative scenario: Above 1.047 look for further upside with 1.05 & 1.053 as targets. Comment: After breaking below a rising trend line, the RSI is posting a potential bullish divergence. Those mixed signals are calling for caution. Key levels 1.053 1.05 1.047 1.04455 last 1.042 1.0405 1.0385