USD/CAD Intraday: The downside prevails
|USD/CHF
Watch 0.9890.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 0.9940
Our preference
Short positions below 0.9940 with targets at 0.9905 & 0.9890 in extension.
Alternative scenario
Above 0.9940 look for further upside with 0.9955 & 0.9970 as targets.
Comment
A break below 0.9905 would trigger a drop towards 0.9890.
USD/CAD
The downside prevails.
Pivot (invalidation): 1.3400
Our preference
Short positions below 1.3400 with targets at 1.3365 & 1.3350 in extension.
Alternative scenario
Above 1.3400 look for further upside with 1.3420 & 1.3445 as targets.
Comment
The RSI calls for a drop.
AUD/USD
Rebound.
Pivot (invalidation): 0.7215
Our preference
Long positions above 0.7215 with targets at 0.7255 & 0.7275 in extension.
Alternative scenario
Below 0.7215 look for further downside with 0.7190 & 0.7160 as targets.
Comment
The RSI calls for a bounce.
USD/TRY
Under pressure.
Pivot (invalidation): 5.3660
Our preference
Short positions below 5.3660 with targets at 5.3050 & 5.2700 in extension.
Alternative scenario
Above 5.3660 look for further upside with 5.4000 & 5.4570 as targets.
Comment
As Long as the resistance at 5.3660 is not surpassed, the risk of the break below 5.3050 remains high.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.