AUD/USD intraday: Target 0.7400
|USD/CHF: The downside prevails
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Pivot (invalidation): 0.9095
Our preference
Short positions below 0.9095 with targets at 0.9060 & 0.9040 in extension.
Alternative scenario
Above 0.9095 look for further upside with 0.9110 & 0.9130 as targets.
Comment
The RSI is bearish and calls for further downside.
USD/CAD: 1.2965 expected
Pivot (invalidation): 1.3015
Our preference
Short positions below 1.3015 with targets at 1.2985 & 1.2965 in extension.
Alternative scenario
Above 1.3015 look for further upside with 1.3030 & 1.3045 as targets.
Comment
A break below 1.2985 would trigger a drop towards 1.2965.
AUD/USD: Target 0.7400
Pivot (invalidation): 0.7350
Our preference
Long positions above 0.7350 with targets at 0.7385 & 0.7400 in extension.
Alternative scenario
Below 0.7350 look for further downside with 0.7335 & 0.7320 as targets.
Comment
The RSI advocates for further upside.
USD/TRY: Rebound expected
Pivot (invalidation): 7.9000
Our preference
Long positions above 7.9000 with targets at 7.9830 & 8.0310 in extension.
Alternative scenario
Below 7.9000 look for further downside with 7.8480 & 7.8000 as targets.
Comment
A support base at 7.9000 has formed and has allowed for a temporary stabilisation.
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