USD/CAD Intraday: Caution
|USD/CHF
Bullish bias above 0.9740.
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Pivot (invalidation): 0.9740
Our preference
Long positions above 0.9740 with targets at 0.9795 & 0.9825 in extension.
Alternative scenario
Below 0.9740 look for further downside with 0.9715 & 0.9685 as targets.
Comment
A support base at 0.9740 has formed and has allowed for a temporary stabilisation.
USD/CAD
Caution.
Pivot (invalidation): 1.4180
Our preference
Long positions above 1.4180 with targets at 1.4260 & 1.4300 in extension.
Alternative scenario
Below 1.4180 look for further downside with 1.4125 & 1.4090 as targets.
Comment
A support base at 1.4180 has formed and has allowed for a temporary stabilisation.
AUD/USD
Bullish bias above 0.5985.
Pivot (invalidation): 0.5985
Our preference
Long positions above 0.5985 with targets at 0.6050 & 0.6075 in extension.
Alternative scenario
Below 0.5985 look for further downside with 0.5960 & 0.5935 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/TRY
Watch 6.7800.
Pivot (invalidation): 6.7100
Our preference
Long positions above 6.7100 with targets at 6.7500 & 6.7800 in extension.
Alternative scenario
Below 6.7100 look for further downside with 6.6770 & 6.6350 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.
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