AUD/USD Intraday: turning up
|USD/CHF
Bullish bias above 0.9795
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Pivot (invalidation): 0.9795
Our preference
Long positions above 0.9795 with targets at 0.9820 & 0.9845 in extension.
Alternative scenario
Below 0.9795 look for further downside with 0.9770 & 0.9755 as targets.
Comment
A support base at 0.9795 has formed and has allowed for a temporary stabilisation.
USD/CAD
Bullish bias above 1.3305
Pivot (invalidation): 1.3305
Our preference
Long positions above 1.3305 with targets at 1.3340 & 1.3370 in extension.
Alternative scenario
Below 1.3305 look for further downside with 1.3280 & 1.3255 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD
Turning up
Pivot (invalidation): 0.6765
Our preference
Long positions above 0.6765 with targets at 0.6795 & 0.6805 in extension.
Alternative scenario
Below 0.6765 look for further downside with 0.6750 & 0.6735 as targets.
Comment
The RSI calls for a rebound.
USD/TRY
Watch 5.6970.
Pivot (invalidation): 5.6240
Our preference
Long positions above 5.6240 with targets at 5.6690 & 5.6970 in extension.
Alternative scenario
Below 5.6240 look for further downside with 5.6000 & 5.5760 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
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