USD/CAD intraday: The downside prevails
|USD/CHF: Turning up
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Pivot (invalidation): 0.9100
Our preference
Long positions above 0.9100 with targets at 0.9135 & 0.9160 in extension.
Alternative scenario
Below 0.9100 look for further downside with 0.9080 & 0.9060 as targets.
Comment
The RSI calls for a new upleg.
USD/CAD: The downside prevails
Pivot (invalidation): 1.3195
Our preference
Short positions below 1.3195 with targets at 1.3155 & 1.3135 in extension.
Alternative scenario
Above 1.3195 look for further upside with 1.3215 & 1.3235 as targets.
Comment
The RSI lacks upward momentum.
AUD/USD: Bullish bias above 0.7150
Pivot (invalidation): 0.7150
Our preference
Long positions above 0.7150 with targets at 0.7180 & 0.7195 in extension.
Alternative scenario
Below 0.7150 look for further downside with 0.7135 & 0.7120 as targets.
Comment
A support base at 0.7150 has formed and has allowed for a temporary stabilisation.
USD/TRY: Key resistance at 7.3490
Pivot (invalidation): 7.3490
Our preference
Short positions below 7.3490 with targets at 7.2730 & 7.2420 in extension.
Alternative scenario
Above 7.3490 look for further upside with 7.3800 & 7.4000 as targets.
Comment
The upward potential is likely to be limited by the resistance at 7.3490.
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