USD/CAD Intraday: Key resistance at 1.3130
|USD/CHF
Key resistance at 0.9980.
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Pivot (invalidation): 0.9980
Our preference
Short positions below 0.9980 with targets at 0.9950 & 0.9935 in extension.
Alternative scenario
Above 0.9980 look for further upside with 1.0000 & 1.0030 as targets.
Comment
As Long as 0.9980 is resistance, look for choppy price action with a bearish bias.
USD/CAD
Key resistance at 1.3130.
Pivot (invalidation): 1.3130
Our preference
Short positions below 1.3130 with targets at 1.3075 & 1.3045 in extension.
Alternative scenario
Above 1.3130 look for further upside with 1.3165 & 1.3200 as targets.
Comment
A break below 1.3075 would trigger a drop towards 1.3045.
AUD/USD
The downside prevails.
Pivot (invalidation): 0.7090
Our preference
Short positions below 0.7090 with targets at 0.7055 & 0.7040 in extension.
Alternative scenario
Above 0.7090 look for further upside with 0.7110 & 0.7125 as targets.
Comment
The RSI calls for a drop.
USD/TRY
Bullish bias above 5.6400.
Pivot (invalidation): 5.6400
Our preference
Long positions above 5.6400 with targets at 5.6900 & 5.7150 in extension.
Alternative scenario
Below 5.6400 look for further downside with 5.6000 & 5.5600 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.
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