USD/CAD Intraday: Bullish bias above 1.3050
|USD/CHF
Aim @ 1.0000.
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Pivot (invalidation): 0.9940
Our preference
Long positions above 0.9940 with targets at 0.9975 & 1.0000 in extension.
Alternative scenario
Below 0.9940 look for further downside with 0.9915 & 0.9900 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
USD/CAD
Bullish bias above 1.3050.
Pivot (invalidation): 1.3050
Our preference
Long positions above 1.3050 with targets at 1.3090 & 1.3115 in extension.
Alternative scenario
Below 1.3050 look for further downside with 1.3020 & 1.3000 as targets.
Comment
A support base at 1.3050 has formed and has allowed for a temporary stabilisation.
AUD/USD
Key resistance at 0.7115.
Pivot (invalidation): 0.7115
Our preference
Short positions below 0.7115 with targets at 0.7090 & 0.7075 in extension.
Alternative scenario
Above 0.7115 look for further upside with 0.7130 & 0.7150 as targets.
Comment
As Long as the resistance at 0.7115 is not surpassed, the risk of the break below 0.7090 remains high.
USD/TRY
Continuation of the rebound.
Pivot (invalidation): 5.5810
Our preference
Long positions above 5.5810 with targets at 5.6950 & 5.7700 in extension.
Alternative scenario
Below 5.5810 look for further downside with 5.5280 & 5.4940 as targets.
Comment
The break above 5.5810 is a positive signal that has opened a path to 5.6950.
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