USD/CAD Intraday: target 1.3320
|USD/CHF
Turning down.
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Pivot (invalidation): 0.9910
Our preference
Short positions below 0.9910 with targets at 0.9895 & 0.9885 in extension.
Alternative scenario
Above 0.9910 look for further upside with 0.9920 & 0.9930 as targets.
Comment
The RSI advocates for further downside.
USD/CAD
Target 1.3320.
Pivot (invalidation): 1.3250
Our preference
Long positions above 1.3250 with targets at 1.3300 & 1.3320 in extension.
Alternative scenario
Below 1.3250 look for further downside with 1.3235 & 1.3220 as targets.
Comment
The RSI is bullish and calls for further upside.
AUD/USD
The downside prevails.
Pivot (invalidation): 0.6830
Our preference
Short positions below 0.6830 with targets at 0.6805 & 0.6795 in extension.
Alternative scenario
Above 0.6830 look for further upside with 0.6840 & 0.6850 as targets.
Comment
The RSI is bearish and calls for further downside.
USD/TRY
Rebound expected.
Pivot (invalidation): 5.6910
Our preference
Long positions above 5.6910 with targets at 5.7210 & 5.7400 in extension.
Alternative scenario
Below 5.6910 look for further downside with 5.6780 & 5.6650 as targets.
Comment
A support base at 5.6910 has formed and has allowed for a temporary stabilisation.
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