AUD/USD intraday: Turning down
|USD/CHF: Rebound expected
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Pivot (invalidation): 0.9020
Our preference
Long positions above 0.9020 with targets at 0.9040 & 0.9060 in extension.
Alternative scenario
Below 0.9020 look for further downside with 0.9005 & 0.8990 as targets.
Comment
The RSI calls for a rebound.
USD/CAD: 1.3125 expected
Pivot (invalidation): 1.3185
Our preference
Short positions below 1.3185 with targets at 1.3145 & 1.3125 in extension.
Alternative scenario
Above 1.3185 look for further upside with 1.3205 & 1.3230 as targets.
Comment
A break below 1.3145 would trigger a drop towards 1.3125.
AUD/USD: Turning down
Pivot (invalidation): 0.7260
Our preference
Short positions below 0.7260 with targets at 0.7225 & 0.7205 in extension.
Alternative scenario
Above 0.7260 look for further upside with 0.7275 & 0.7295 as targets.
Comment
The RSI calls for a new downleg.
USD/TRY: Under pressure
Pivot (invalidation): 7.3960
Our preference
Short positions below 7.3960 with targets at 7.3490 & 7.3300 in extension.
Alternative scenario
Above 7.3960 look for further upside with 7.4130 & 7.4300 as targets.
Comment
As Long as the resistance at 7.3960 is not surpassed, the risk of the break below 7.3490 remains high.
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