USD/CAD intraday: The bias remains bullish
|USD/CHF: Caution
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Pivot (invalidation): 0.9415
Our preference
Long positions above 0.9415 with targets at 0.9440 & 0.9450 in extension.
Alternative scenario
Below 0.9415 look for further downside with 0.9405 & 0.9390 as targets.
Comment
A support base at 0.9415 has formed and has allowed for a temporary stabilisation.
USD/CAD: The bias remains bullish
Pivot (invalidation): 1.3570
Our preference
Long positions above 1.3570 with targets at 1.3625 & 1.3650 in extension.
Alternative scenario
Below 1.3570 look for further downside with 1.3545 & 1.3520 as targets.
Comment
The break above 1.3570 is a positive signal that has opened a path to 1.3625.
AUD/USD: Under pressure
Pivot (invalidation): 0.6980
Our preference
Short positions below 0.6980 with targets at 0.6920 & 0.6900 in extension.
Alternative scenario
Above 0.6980 look for further upside with 0.7000 & 0.7020 as targets.
Comment
As Long as 0.6980 is resistance, look for choppy price action with a bearish bias.
USD/TRY: Watch 6.8420
Pivot (invalidation): 6.8650
Our preference
Short positions below 6.8650 with targets at 6.8500 & 6.8420 in extension.
Alternative scenario
Above 6.8650 look for further upside with 6.8720 & 6.8820 as targets.
Comment
A break below 6.8500 would trigger a drop towards 6.8420.
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