AUD/USD Intraday: key resistance at 0.6805
|USD/CHF
Key resistance at 0.9920.
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Pivot (invalidation): 0.9920
Our preference
Short positions below 0.9920 with targets at 0.9885 & 0.9870 in extension.
Alternative scenario
Above 0.9920 look for further upside with 0.9935 & 0.9945 as targets.
Comment
As Long as the resistance at 0.9920 is not surpassed, the risk of the break below 0.9885 remains high.
USD/CAD
Bullish bias above 1.3295.
Pivot (invalidation): 1.3295
Our preference
Long positions above 1.3295 with targets at 1.3325 & 1.3345 in extension.
Alternative scenario
Below 1.3295 look for further downside with 1.3275 & 1.3260 as targets.
Comment
A support base at 1.3295 has formed and has allowed for a temporary stabilisation.
AUD/USD
Key resistance at 0.6805.
Pivot (invalidation): 0.6805
Our preference
Short positions below 0.6805 with targets at 0.6785 & 0.6775 in extension.
Alternative scenario
Above 0.6805 look for further upside with 0.6820 & 0.6830 as targets.
Comment
The upward potential is likely to be limited by the resistance at 0.6805.
USD/TRY
Under pressure.
Pivot (invalidation): 5.7100
Our preference
Short positions below 5.7100 with targets at 5.6880 & 5.6780 in extension.
Alternative scenario
Above 5.7100 look for further upside with 5.7210 & 5.7400 as targets.
Comment
As Long as the resistance at 5.7100 is not surpassed, the risk of the break below 5.6880 remains high.
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