USD/CAD Intraday: rebound expected
|USD/CHF
Key resistance at 0.9880.
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Pivot (invalidation): 0.9880
Our preference
Short positions below 0.9880 with targets at 0.9855 & 0.9840 in extension.
Alternative scenario
Above 0.9880 look for further upside with 0.9900 & 0.9915 as targets.
Comment
As Long as 0.9880 is resistance, look for choppy price action with a bearish bias.
USD/CAD
Rebound expected.
Pivot (invalidation): 1.3170
Our preference
Long positions above 1.3170 with targets at 1.3190 & 1.3205 in extension.
Alternative scenario
Below 1.3170 look for further downside with 1.3155 & 1.3140 as targets.
Comment
The RSI calls for a rebound.
AUD/USD
Turning up.
Pivot (invalidation): 0.6825
Our preference
Long positions above 0.6825 with targets at 0.6855 & 0.6875 in extension.
Alternative scenario
Below 0.6825 look for further downside with 0.6810 & 0.6800 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/TRY
Under pressure.
Pivot (invalidation): 5.7570
Our preference
Short positions below 5.7570 with targets at 5.7410 & 5.7330 in extension.
Alternative scenario
Above 5.7570 look for further upside with 5.7680 & 5.7800 as targets.
Comment
The RSI lacks upward momentum.
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