AUDUSD levels: The bias remains bullish
|USD/CHF
The downside prevails.
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Pivot (invalidation): 0.9665
Our preference
Short positions below 0.9665 with targets at 0.9625 & 0.9600 in extension.
Alternative scenario
Above 0.9665 look for further upside with 0.9685 & 0.9705 as targets.
Comment
The RSI is capped by a declining trend line.
USD/CAD
Key resistance at 1.3020.
Pivot (invalidation): 1.3020
Our preference
Short positions below 1.3020 with targets at 1.2970 & 1.2935 in extension.
Alternative scenario
Above 1.3020 look for further upside with 1.3045 & 1.3075 as targets.
Comment
The RSI lacks upward momentum.
AUD/USD
The bias remains bullish.
Pivot (invalidation): 0.7175
Our preference
Long positions above 0.7175 with targets at 0.7200 & 0.7230 in extension.
Alternative scenario
Below 0.7175 look for further downside with 0.7155 & 0.7130 as targets.
Comment
The RSI is mixed to bullish.
USD/TRY
Key resistance at 6.1900.
Pivot (invalidation): 6.1900
Our preference
Short positions below 6.1900 with targets at 6.0650 & 6.0010 in extension.
Alternative scenario
Above 6.1900 look for further upside with 6.2460 & 6.3300 as targets.
Comment
As Long as the resistance at 6.1900 is not surpassed, the risk of the break below 6.0650 remains high.
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