AUDUSD Intraday: Bullish bias above 0.7120
|USD/CHF
Turning up.
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Pivot (invalidation): 0.9860
Our preference
Long positions above 0.9860 with targets at 0.9890 & 0.9910 in extension.
Alternative scenario
Below 0.9860 look for further downside with 0.9845 & 0.9825 as targets.
Comment
The RSI calls for a new upleg.
USD/CAD
Rebound expected.
Pivot (invalidation): 1.2955
Our preference
Long positions above 1.2955 with targets at 1.3005 & 1.3030 in extension.
Alternative scenario
Below 1.2955 look for further downside with 1.2925 & 1.2900 as targets.
Comment
A support base at 1.2955 has formed and has allowed for a temporary stabilisation.
AUD/USD
Bullish bias above 0.7120.
Pivot (invalidation): 0.7120
Our preference
Long positions above 0.7120 with targets at 0.7150 & 0.7165 in extension.
Alternative scenario
Below 0.7120 look for further downside with 0.7105 & 0.7095 as targets.
Comment
The RSI lacks downward momentum.
USD/TRY
Caution.
Pivot (invalidation): 5.8200
Our preference
Short positions below 5.8200 with targets at 5.7470 & 5.7000 in extension.
Alternative scenario
Above 5.8200 look for further upside with 5.8730 & 5.9380 as targets.
Comment
Intraday technical indicators are mixed and call for caution.
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