AUD/USD Intraday: Key resistance at 0.7030
|USD/CHF
Bullish bias above 1.0190.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1.0190
Our preference
Long positions above 1.0190 with targets at 1.0220 & 1.0230 in extension.
Alternative scenario
Below 1.0190 look for further downside with 1.0170 & 1.0150 as targets.
Comment
A support base at 1.0190 has formed and has allowed for a temporary stabilisation.
USD/CAD
The bias remains bullish.
Pivot (invalidation): 1.3460
Our preference
Long positions above 1.3460 with targets at 1.3520 & 1.3540 in extension.
Alternative scenario
Below 1.3460 look for further downside with 1.3430 & 1.3410 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD
Key resistance at 0.7030.
Pivot (invalidation): 0.7030
Our preference
Short positions below 0.7030 with targets at 0.7000 & 0.6970 in extension.
Alternative scenario
Above 0.7030 look for further upside with 0.7050 & 0.7080 as targets.
Comment
The upward potential is likely to be limited by the resistance at 0.7030.
USD/TRY
Further advance.
Pivot (invalidation): 5.8600
Our preference
Long positions above 5.8600 with targets at 5.9100 & 5.9320 in extension.
Alternative scenario
Below 5.8600 look for further downside with 5.8470 & 5.8200 as targets.
Comment
The RSI lacks downward momentum.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.