AUD/USD Intraday: Watch 0.6910
|USD/CHF
Aim @ 1.0140.
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Pivot (invalidation): 1.0095
Our preference
Long positions above 1.0095 with targets at 1.0120 & 1.0140 in extension.
Alternative scenario
Below 1.0095 look for further downside with 1.0075 & 1.0060 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/CAD
Capped by a negative trend line.
Pivot (invalidation): 1.3430
Our preference
Short positions below 1.3430 with targets at 1.3375 & 1.3360 in extension.
Alternative scenario
Above 1.3430 look for further upside with 1.3445 & 1.3470 as targets.
Comment
The RSI is mixed with a bearish bias.
AUD/USD
Watch 0.6910.
Pivot (invalidation): 0.6865
Our preference
Long positions above 0.6865 with targets at 0.6890 & 0.6910 in extension.
Alternative scenario
Below 0.6865 look for further downside with 0.6845 & 0.6830 as targets.
Comment
The RSI lacks downward momentum.
USD/TRY
Bullish bias above 6.0410.
Pivot (invalidation): 6.0410
Our preference
Long positions above 6.0410 with targets at 6.0740 & 6.0930 in extension.
Alternative scenario
Below 6.0410 look for further downside with 6.0190 & 6.0000 as targets.
Comment
A support base at 6.0410 has formed and has allowed for a temporary stabilisation.
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