Analysis

USD/CAD intraday: Turning down

USD/CHF: Turning down

 


 

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Pivot (invalidation): 0.9090

Our preference
Short positions below 0.9090 with targets at 0.9050 & 0.9035 in extension.

Alternative scenario
Above 0.9090 look for further upside with 0.9110 & 0.9130 as targets.

Comment
The RSI shows downside momentum.

USD/CAD: Turning down

Pivot (invalidation): 1.3185

Our preference
Short positions below 1.3185 with targets at 1.3135 & 1.3115 in extension.

Alternative scenario
Above 1.3185 look for further upside with 1.3210 & 1.3230 as targets.

Comment
The RSI calls for a new downleg.

AUD/USD: Turning up

Pivot (invalidation): 0.7285

Our preference
Long positions above 0.7285 with targets at 0.7325 & 0.7350 in extension.

Alternative scenario
Below 0.7285 look for further downside with 0.7260 & 0.7245 as targets.

Comment
The RSI calls for a bounce.

USD/TRY: Turning down

Pivot (invalidation): 7.5000

Our preference
Short positions below 7.5000 with targets at 7.4650 & 7.4510 in extension.

Alternative scenario
Above 7.5000 look for further upside with 7.5100 & 7.5210 as targets.

Comment
The RSI lacks upward momentum.

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