USD/CAD Intraday: Bullish bias above 1.3100
|USD/CHF
Further advance.
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Pivot (invalidation): 1.0000
Our preference
Long positions above 1.0000 with targets at 1.0045 & 1.0070 in extension.
Alternative scenario
Below 1.0000 look for further downside with 0.9985 & 0.9965 as targets.
Comment
The RSI is bullish and calls for further advance.
USD/CAD
Bullish bias above 1.3100.
Pivot (invalidation): 1.3100
Our preference
Long positions above 1.3100 with targets at 1.3135 & 1.3155 in extension.
Alternative scenario
Below 1.3100 look for further downside with 1.3080 & 1.3060 as targets.
Comment
The RSI calls for a bounce.
AUD/USD
The upside prevails.
Pivot (invalidation): 0.7260
Our preference
Long positions above 0.7260 with targets at 0.7300 & 0.7325 in extension.
Alternative scenario
Below 0.7260 look for further downside with 0.7235 & 0.7210 as targets.
Comment
The RSI has just broken above a declining trend line.
USD/TRY
Rebound expected.
Pivot (invalidation): 5.3460
Our preference
Long positions above 5.3460 with targets at 5.4120 & 5.4470 in extension.
Alternative scenario
Below 5.3460 look for further downside with 5.3230 & 5.2970 as targets.
Comment
The RSI calls for a rebound.
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