AUD/USD Intraday: The downside prevails
|USD/CHF
The bias remains bullish.
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Pivot (invalidation): 0.9925
Our preference
Long positions above 0.9925 with targets at 0.9970 & 0.9990 in extension.
Alternative scenario
Below 0.9925 look for further downside with 0.9905 & 0.9885 as targets.
Comment
The RSI lacks downward momentum.
USD/CAD
Bullish bias above 1.3250.
Pivot (invalidation): 1.3250
Our preference
Long positions above 1.3250 with targets at 1.3300 & 1.3320 in extension.
Alternative scenario
Below 1.3250 look for further downside with 1.3235 & 1.3220 as targets.
Comment
The RSI is above its neutrality area at 50%.
AUD/USD
The downside prevails.
Pivot (invalidation): 0.7180
Our preference
Short positions below 0.7180 with targets at 0.7145 & 0.7130 in extension.
Alternative scenario
Above 0.7180 look for further upside with 0.7195 & 0.7205 as targets.
Comment
A break below 0.7145 would trigger a drop towards 0.7130.
USD/TRY
Key resistance at 5.3440.
Pivot (invalidation): 5.3440
Our preference
Short positions below 5.3440 with targets at 5.3145 & 5.2960 in extension.
Alternative scenario
Above 5.3440 look for further upside with 5.3615 & 5.3880 as targets.
Comment
As Long as the resistance at 5.3440 is not surpassed, the risk of the break below 5.3145 remains high.
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