AUD/USD Intraday: under pressure
|USD/CHF
Bullish bias above 0.9695.
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Pivot (invalidation): 0.9695
Our preference
Long positions above 0.9695 with targets at 0.9730 & 0.9745 in extension.
Alternative scenario
Below 0.9695 look for further downside with 0.9680 & 0.9660 as targets.
Comment
A support base at 0.9695 has formed and has allowed for a temporary stabilisation.
USD/CAD
Towards 1.2955.
Pivot (invalidation): 1.2990
Our preference
Short positions below 1.2990 with targets at 1.2970 & 1.2955 in extension.
Alternative scenario
Above 1.2990 look for further upside with 1.3005 & 1.3020 as targets.
Comment
A break below 1.2970 would trigger a drop towards 1.2955.
AUD/USD
Under pressure.
Pivot (invalidation): 0.6965
Our preference
Short positions below 0.6965 with targets at 0.6925 & 0.6910 in extension.
Alternative scenario
Above 0.6965 look for further upside with 0.6985 & 0.7005 as targets.
Comment
As Long as the resistance at 0.6965 is not surpassed, the risk of the break below 0.6925 remains high.
USD/TRY
The bias remains bullish.
Pivot (invalidation): 5.9600
Our preference
Long positions above 5.9600 with targets at 5.9770 & 5.9840 in extension.
Alternative scenario
Below 5.9600 look for further downside with 5.9490 & 5.9390 as targets.
Comment
A support base at 5.9600 has formed and has allowed for a temporary stabilisation.
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