USD/CAD Intraday: the downside prevails
|USD/CHF
Aim @ 0.9855.
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Pivot (invalidation): 0.9815
Our preference
Long positions above 0.9815 with targets at 0.9840 & 0.9855 in extension.
Alternative scenario
Below 0.9815 look for further downside with 0.9800 & 0.9790 as targets.
Comment
The RSI lacks downward momentum.
USD/CAD
The downside prevails.
Pivot (invalidation): 1.3255
Our preference
Short positions below 1.3255 with targets at 1.3235 & 1.3225 in extension.
Alternative scenario
Above 1.3255 look for further upside with 1.3270 & 1.3280 as targets.
Comment
The RSI calls for a new downleg.
AUD/USD
Further advance.
Pivot (invalidation): 0.6680
Our preference
Long positions above 0.6680 with targets at 0.6705 & 0.6720 in extension.
Alternative scenario
Below 0.6680 look for further downside with 0.6670 & 0.6660 as targets.
Comment
The RSI is bullish and calls for further advance.
USD/TRY
The upside prevails.
Pivot (invalidation): 6.0540
Our preference
Long positions above 6.0540 with targets at 6.0850 & 6.0950 in extension.
Alternative scenario
Below 6.0540 look for further downside with 6.0440 & 6.0310 as targets.
Comment
A support base at 6.0540 has formed and has allowed for a temporary stabilisation.
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