USD/CAD Intraday: Capped by a negative trend line
|USD/CHF
Towards 0.9815.
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Pivot (invalidation): 0.9880
Our preference
Short positions below 0.9880 with targets at 0.9835 & 0.9815 in extension.
Alternative scenario
Above 0.9880 look for further upside with 0.9905 & 0.9925 as targets.
Comment
The RSI is bearish and calls for further downside.
USD/CAD
Capped by a negative trend line.
Pivot (invalidation): 1.3060
Our preference
Short positions below 1.3060 with targets at 1.3035 & 1.3015 in extension.
Alternative scenario
Above 1.3060 look for further upside with 1.3075 & 1.3090 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.3060.
AUD/USD
Turning up.
Pivot (invalidation): 0.7005
Our preference
Long positions above 0.7005 with targets at 0.7040 & 0.7060 in extension.
Alternative scenario
Below 0.7005 look for further downside with 0.6995 & 0.6980 as targets.
Comment
The RSI calls for a rebound.
USD/TRY
Aim @ 5.6570.
Pivot (invalidation): 5.6980
Our preference
Short positions below 5.6980 with targets at 5.6690 & 5.6570 in extension.
Alternative scenario
Above 5.6980 look for further upside with 5.7170 & 5.7330 as targets.
Comment
Technically the RSI is below its neutrality area at 50.
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