USD/CAD Intraday: The upside prevails
|USD/CHF
The downside prevails.
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Pivot (invalidation): 1.0070
Our preference
Short positions below 1.0070 with targets at 1.0035 & 1.0020 in extension.
Alternative scenario
Above 1.0070 look for further upside with 1.0095 & 1.0110 as targets.
Comment
The RSI calls for a drop.
USD/CAD
The upside prevails.
Pivot (invalidation): 1.3270
Our preference
Long positions above 1.3270 with targets at 1.3340 & 1.3370 in extension.
Alternative scenario
Below 1.3270 look for further downside with 1.3255 & 1.3230 as targets.
Comment
The RSI calls for a new upleg.
AUD/USD
The downside prevails.
Pivot (invalidation): 0.7110
Our preference
Short positions below 0.7110 with targets at 0.7070 & 0.7050 in extension.
Alternative scenario
Above 0.7110 look for further upside with 0.7135 & 0.7150 as targets.
Comment
The RSI calls for a drop.
USD/TRY
Bullish bias above 5.2620.
Pivot (invalidation): 5.2620
Our preference
Long positions above 5.2620 with targets at 5.2960 & 5.3220 in extension.
Alternative scenario
Below 5.2620 look for further downside with 5.2420 & 5.2300 as targets.
Comment
The RSI lacks downward momentum.
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