AUD/USD Intraday: Bullish bias above 0.6945
|USD/CHF
Look for 0.9670.
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Pivot (invalidation): 0.9745
Our preference
Short positions below 0.9745 with targets at 0.9690 & 0.9670 in extension.
Alternative scenario
Above 0.9745 look for further upside with 0.9780 & 0.9800 as targets.
Comment
The RSI lacks upward momentum.
USD/CAD
1.3145 expected.
Pivot (invalidation): 1.3210
Our preference
Short positions below 1.3210 with targets at 1.3170 & 1.3145 in extension.
Alternative scenario
Above 1.3210 look for further upside with 1.3230 & 1.3255 as targets.
Comment
A break below 1.3170 would trigger a drop towards 1.3145.
AUD/USD
Bullish bias above 0.6945.
Pivot (invalidation): 0.6945
Our preference
Long positions above 0.6945 with targets at 0.6975 & 0.7000 in extension.
Alternative scenario
Below 0.6945 look for further downside with 0.6920 & 0.6900 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/TRY
Continuation of the rebound.
Pivot (invalidation): 5.7750
Our preference
Long positions above 5.7750 with targets at 5.8380 & 5.8850 in extension.
Alternative scenario
Below 5.7750 look for further downside with 5.7350 & 5.7000 as targets.
Comment
The break above 5.7750 is a positive signal that has opened a path to 5.8380.
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