USD/CAD Intraday: bullish bias above 1.3245
|USD/CHF
0.9820 in sight.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 0.9785
Our preference
Long positions above 0.9785 with targets at 0.9805 & 0.9820 in extension.
Alternative scenario
Below 0.9785 look for further downside with 0.9770 & 0.9760 as targets.
Comment
The RSI advocates for further upside.
USD/CAD
Bullish bias above 1.3245.
Pivot (invalidation): 1.3245
Our preference
Long positions above 1.3245 with targets at 1.3275 & 1.3295 in extension.
Alternative scenario
Below 1.3245 look for further downside with 1.3230 & 1.3215 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD
Key resistance at 0.6735.
Pivot (invalidation): 0.6735
Our preference
Short positions below 0.6735 with targets at 0.6705 & 0.6685 in extension.
Alternative scenario
Above 0.6735 look for further upside with 0.6750 & 0.6760 as targets.
Comment
The upward potential is likely to be limited by the resistance at 0.6735.
USD/TRY
Bullish bias above 6.0290.
Pivot (invalidation): 6.0290
Our preference
Long positions above 6.0290 with targets at 6.0500 & 6.0650 in extension.
Alternative scenario
Below 6.0290 look for further downside with 6.0200 & 6.0070 as targets.
Comment
A support base at 6.0290 has formed and has allowed for a temporary stabilisation.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.