USD/CAD Intraday: Supported by a rising trend line
|USD/CHF
Bullish bias above 1.0020.
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Pivot (invalidation): 1.0020
Our preference
Long positions above 1.0020 with targets at 1.0055 & 1.0070 in extension.
Alternative scenario
Below 1.0020 look for further downside with 1.0000 & 0.9985 as targets.
Comment
The RSI calls for a bounce.
USD/CAD
Supported by a rising trend line.
Pivot (invalidation): 1.3275
Our preference
Long positions above 1.3275 with targets at 1.3330 & 1.3355 in extension.
Alternative scenario
Below 1.3275 look for further downside with 1.3255 & 1.3230 as targets.
Comment
The RSI lacks downward momentum.
AUD/USD
Key resistance at 0.7090.
Pivot (invalidation): 0.7090
Our preference
Short positions below 0.7090 with targets at 0.7050 & 0.7035 in extension.
Alternative scenario
Above 0.7090 look for further upside with 0.7105 & 0.7120 as targets.
Comment
A break below 0.7050 would trigger a drop towards 0.7035.
USD/TRY
Bullish bias above 5.2550.
Pivot (invalidation): 5.2550
Our preference
Long positions above 5.2550 with targets at 5.2960 & 5.3220 in extension.
Alternative scenario
Below 5.2550 look for further downside with 5.2390 & 5.2140 as targets.
Comment
The RSI is above its neutrality area at 50%.
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