USD/CAD intraday: Key resistance at 1.4290
|USD/CHF
Under pressure.
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Pivot (invalidation): 0.9780
Our preference
Short positions below 0.9780 with targets at 0.9720 & 0.9700 in extension.
Alternative scenario
Above 0.9780 look for further upside with 0.9815 & 0.9845 as targets.
Comment
A break below 0.9720 would trigger a drop towards 0.9700.
USD/CAD
Key resistance at 1.4290.
Pivot (invalidation): 1.4290
Our preference
Short positions below 1.4290 with targets at 1.4180 & 1.4130 in extension.
Alternative scenario
Above 1.4290 look for further upside with 1.4345 & 1.4410 as targets.
Comment
As Long as the resistance at 1.4290 is not surpassed, the risk of the break below 1.4180 remains high.
AUD/USD
Caution.
Pivot (invalidation): 0.5935
Our preference
Short positions below 0.5935 with targets at 0.5860 & 0.5805 in extension.
Alternative scenario
Above 0.5935 look for further upside with 0.5975 & 0.6020 as targets.
Comment
The upward potential is likely to be limited by the resistance at 0.5935.
USD/TRY
Bullish bias above 6.4090.
Pivot (invalidation): 6.4090
Our preference
Long positions above 6.4090 with targets at 6.4760 & 6.5100 in extension.
Alternative scenario
Below 6.4090 look for further downside with 6.3720 & 6.3410 as targets.
Comment
A support base at 6.4090 has formed and has allowed for a temporary stabilisation.
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