USD/CAD Intraday: continuation of the rebound
|USD/CHF
Continuation of the rebound.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 0.9635
Our preference
Long positions above 0.9635 with targets at 0.9665 & 0.9680 in extension.
Alternative scenario
Below 0.9635 look for further downside with 0.9615 & 0.9600 as targets.
Comment
The RSI lacks downward momentum.
USD/CAD
Continuation of the rebound.
Pivot (invalidation): 1.3035
Our preference
Long positions above 1.3035 with targets at 1.3065 & 1.3080 in extension.
Alternative scenario
Below 1.3035 look for further downside with 1.3020 & 1.3005 as targets.
Comment
The RSI calls for a rebound.
AUD/USD
Key resistance at 0.6905.
Pivot (invalidation): 0.6905
Our preference
Short positions below 0.6905 with targets at 0.6875 & 0.6865 in extension.
Alternative scenario
Above 0.6905 look for further upside with 0.6915 & 0.6930 as targets.
Comment
As Long as the resistance at 0.6905 is not surpassed, the risk of the break below 0.6875 remains high.
USD/TRY
Key resistance at 5.8650.
Pivot (invalidation): 5.8650
Our preference
Short positions below 5.8650 with targets at 5.8460 & 5.8380 in extension.
Alternative scenario
Above 5.8650 look for further upside with 5.8770 & 5.8880 as targets.
Comment
The upward potential is likely to be limited by the resistance at 5.8650.
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.