USD/CAD Intraday: key resistance at 1.3285
|USD/CHF
The bias remains bullish.
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Pivot (invalidation): 0.9770
Our preference
Long positions above 0.9770 with targets at 0.9810 & 0.9835 in extension.
Alternative scenario
Below 0.9770 look for further downside with 0.9755 & 0.9735 as targets.
Comment
The RSI lacks downward momentum.
USD/CAD
Key resistance at 1.3285.
Pivot (invalidation): 1.3285
Our preference
Short positions below 1.3285 with targets at 1.3255 & 1.3240 in extension.
Alternative scenario
Above 1.3285 look for further upside with 1.3310 & 1.3325 as targets.
Comment
As Long as the resistance at 1.3285 is not surpassed, the risk of the break below 1.3255 remains high.
AUD/USD
Caution.
Pivot (invalidation): 0.6770
Our preference
Long positions above 0.6770 with targets at 0.6795 & 0.6810 in extension.
Alternative scenario
Below 0.6770 look for further downside with 0.6760 & 0.6750 as targets.
Comment
Intraday technical indicators are mixed and call for caution.
USD/TRY
Continuation of the rebound.
Pivot (invalidation): 5.5680
Our preference
Long positions above 5.5680 with targets at 5.5950 & 5.6060 in extension.
Alternative scenario
Below 5.5680 look for further downside with 5.5490 & 5.5310 as targets.
Comment
The break above 5.5680 is a positive signal that has opened a path to 5.5950.
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