USD/CAD intraday: The upside prevails
|USD/CHF
Turning up.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 0.9500
Our preference
Long positions above 0.9500 with targets at 0.9560 & 0.9600 in extension.
Alternative scenario
Below 0.9500 look for further downside with 0.9470 & 0.9440 as targets.
Comment
The RSI calls for a new upleg.
USD/CAD
The upside prevails.
Pivot (invalidation): 1.4000
Our preference
Long positions above 1.4000 with targets at 1.4085 & 1.4155 in extension.
Alternative scenario
Below 1.4000 look for further downside with 1.3920 & 1.3850 as targets.
Comment
The break above 1.4000 is a positive signal that has opened a path to 1.4085.
AUD/USD
Under pressure.
Pivot (invalidation): 0.6200
Our preference
Short positions below 0.6200 with targets at 0.6110 & 0.6055 in extension.
Alternative scenario
Above 0.6200 look for further upside with 0.6250 & 0.6300 as targets.
Comment
The RSI shows downside momentum.
USD/TRY
Towards 6.5040.
Pivot (invalidation): 6.4450
Our preference
Long positions above 6.4450 with targets at 6.4840 & 6.5040 in extension.
Alternative scenario
Below 6.4450 look for further downside with 6.4290 & 6.4160 as targets.
Comment
The RSI is bullish and calls for further upside.
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.