USD/CAD Intraday: rebound expected
|USD/CHF
Key resistance at 0.9815.
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Pivot (invalidation): 0.9815
Our preference
Short positions below 0.9815 with targets at 0.9790 & 0.9775 in extension.
Alternative scenario
Above 0.9815 look for further upside with 0.9830 & 0.9845 as targets.
Comment
As Long as the resistance at 0.9815 is not surpassed, the risk of the break below 0.9790 remains high.
USD/CAD
Rebound expected.
Pivot (invalidation): 1.3145
Our preference
Long positions above 1.3145 with targets at 1.3185 & 1.3200 in extension.
Alternative scenario
Below 1.3145 look for further downside with 1.3125 & 1.3110 as targets.
Comment
The RSI calls for a rebound.
AUD/USD
Watch 0.6820.
Pivot (invalidation): 0.6860
Our preference
Short positions below 0.6860 with targets at 0.6835 & 0.6820 in extension.
Alternative scenario
Above 0.6860 look for further upside with 0.6880 & 0.6895 as targets.
Comment
A break below 0.6835 would trigger a drop towards 0.6820.
USD/TRY
Further upside.
Pivot (invalidation): 5.8660
Our preference
Long positions above 5.8660 with targets at 5.9000 & 5.9120 in extension.
Alternative scenario
Below 5.8660 look for further downside with 5.8450 & 5.8250 as targets.
Comment
The break above 5.8660 is a positive signal that has opened a path to 5.9000.
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