USD/CAD Intraday: Further advance
|USD/CHF
Caution.
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Pivot (invalidation): 1.0075
Our preference
Long positions above 1.0075 with targets at 1.0100 & 1.0120 in extension.
Alternative scenario
Below 1.0075 look for further downside with 1.0060 & 1.0045 as targets.
Comment
Intraday technical indicators are mixed and call for caution.
USD/CAD
Further advance.
Pivot (invalidation): 1.3410
Our preference
Long positions above 1.3410 with targets at 1.3470 & 1.3495 in extension.
Alternative scenario
Below 1.3410 look for further downside with 1.3390 & 1.3370 as targets.
Comment
The RSI is bullish and calls for further upside.
AUD/USD
Turning down.
Pivot (invalidation): 0.6885
Our preference
Short positions below 0.6885 with targets at 0.6865 & 0.6850 in extension.
Alternative scenario
Above 0.6885 look for further upside with 0.6895 & 0.6910 as targets.
Comment
A break below 0.6865 would trigger a drop towards 0.6850.
USD/TRY
Watch 6.1650.
Pivot (invalidation): 6.0870
Our preference
Long positions above 6.0870 with targets at 6.1420 & 6.1650 in extension.
Alternative scenario
Below 6.0870 look for further downside with 6.0650 & 6.0420 as targets.
Comment
The RSI is bullish and calls for further upside.
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