AUD/USD intraday: Key resistance at 0.7215
|USD/CHF: Rebound expected
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Pivot (invalidation): 0.9065
Our preference
Long positions above 0.9065 with targets at 0.9100 & 0.9130 in extension.
Alternative scenario
Below 0.9065 look for further downside with 0.9045 & 0.9025 as targets.
Comment
The break above 0.9065 is a positive signal that has opened a path to 0.9100.
USD/CAD: Bullish bias above 1.3250
Pivot (invalidation): 1.3250
Our preference
Long positions above 1.3250 with targets at 1.3290 & 1.3315 in extension.
Alternative scenario
Below 1.3250 look for further downside with 1.3230 & 1.3200 as targets.
Comment
A support base at 1.3250 has formed and has allowed for a temporary stabilisation.
AUD/USD: Key resistance at 0.7215
Pivot (invalidation): 0.7215
Our preference
Short positions below 0.7215 with targets at 0.7180 & 0.7165 in extension.
Alternative scenario
Above 0.7215 look for further upside with 0.7240 & 0.7260 as targets.
Comment
A break below 0.7180 would trigger a drop towards 0.7165.
USD/TRY: Bullish bias above 7.0100
Pivot (invalidation): 7.0100
Our preference
Long positions above 7.0100 with targets at 7.0760 & 7.0990 in extension.
Alternative scenario
Below 7.0100 look for further downside with 6.9860 & 6.9550 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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