USD/CAD intraday: 1.3900 expected
|USD/CHF
Under pressure.
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Pivot (invalidation): 0.9640
Our preference
Short positions below 0.9640 with targets at 0.9560 & 0.9530 in extension.
Alternative scenario
Above 0.9640 look for further upside with 0.9680 & 0.9715 as targets.
Comment
As Long as the resistance at 0.9640 is not surpassed, the risk of the break below 0.9560 remains high.
USD/CAD
1.3900 expected.
Pivot (invalidation): 1.4075
Our preference
Short positions below 1.4075 with targets at 1.3960 & 1.3900 in extension.
Alternative scenario
Above 1.4075 look for further upside with 1.4130 & 1.4185 as targets.
Comment
The RSI lacks upward momentum.
AUD/USD
Further upside.
Pivot (invalidation): 0.6030
Our preference
Long positions above 0.6030 with targets at 0.6170 & 0.6210 in extension.
Alternative scenario
Below 0.6030 look for further downside with 0.5975 & 0.5935 as targets.
Comment
The RSI advocates for further upside.
USD/TRY
Turning down.
Pivot (invalidation): 6.4190
Our preference
Short positions below 6.4190 with targets at 6.3720 & 6.3410 in extension.
Alternative scenario
Above 6.4190 look for further upside with 6.4470 & 6.4720 as targets.
Comment
As Long as 6.4190 is resistance, likely decline to 6.3720.
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