USD/CAD Intraday: key resistance at 1.3300
|USD/CHF
Towards 0.9995.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 0.9950
Our preference
Long positions above 0.9950 with targets at 0.9975 & 0.9995 in extension.
Alternative scenario
Below 0.9950 look for further downside with 0.9935 & 0.9920 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/CAD
Key resistance at 1.3300.
Pivot (invalidation): 1.3300
Our preference
Short positions below 1.3300 with targets at 1.3280 & 1.3265 in extension.
Alternative scenario
Above 1.3300 look for further upside with 1.3320 & 1.3335 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.3300. The pair has repeatedly failed to break above the key resistance at 1.3300 (around the descending 50-period moving average).
AUD/USD
Further advance.
Pivot (invalidation): 0.6755
Our preference
Long positions above 0.6755 with targets at 0.6790 & 0.6805 in extension.
Alternative scenario
Below 0.6755 look for further downside with 0.6740 & 0.6730 as targets.
Comment
The RSI is bullish and calls for further advance. The pair has crossed above the upper Bollinger band (bands widening) calling for acceleration to the upside.
USD/TRY
Turning down.
Pivot (invalidation): 5.8620
Our preference
Short positions below 5.8620 with targets at 5.8150 & 5.7860 in extension.
Alternative scenario
Above 5.8620 look for further upside with 5.8950 & 5.9210 as targets.
Comment
The break above 5.8620 is a positive signal that has opened a path to 5.8150. The descending 50-period moving is maintaining the pair's intraday bearishness.
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.