USD/CAD Intraday: the upside prevails
|USD/CHF
The bias remains bullish.
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Pivot (invalidation): 0.9690
Our preference
Long positions above 0.9690 with targets at 0.9720 & 0.9730 in extension.
Alternative scenario
Below 0.9690 look for further downside with 0.9680 & 0.9665 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
USD/CAD
The upside prevails.
Pivot (invalidation): 1.3140
Our preference
Long positions above 1.3140 with targets at 1.3170 & 1.3190 in extension.
Alternative scenario
Below 1.3140 look for further downside with 1.3120 & 1.3100 as targets.
Comment
The RSI lacks downward momentum.
AUD/USD
Under pressure.
Pivot (invalidation): 0.6825
Our preference
Short positions below 0.6825 with targets at 0.6790 & 0.6770 in extension.
Alternative scenario
Above 0.6825 look for further upside with 0.6840 & 0.6855 as targets.
Comment
As Long as 0.6825 is resistance, look for choppy price action with a bearish bias.
USD/TRY
Further upside.
Pivot (invalidation): 5.9320
Our preference
Long positions above 5.9320 with targets at 5.9570 & 5.9680 in extension.
Alternative scenario
Below 5.9320 look for further downside with 5.9190 & 5.9090 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
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