USD/CAD intraday: Turning down
|USD/CHF: Bullish bias above 0.9070
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Pivot (invalidation): 0.9070
Our preference
Long positions above 0.9070 with targets at 0.9095 & 0.9110 in extension.
Alternative scenario
Below 0.9070 look for further downside with 0.9050 & 0.9035 as targets.
Comment
A support base at 0.9070 has formed and has allowed for a temporary stabilisation.
USD/CAD: Turning down
Pivot (invalidation): 1.3200
Our preference
Short positions below 1.3200 with targets at 1.3150 & 1.3130 in extension.
Alternative scenario
Above 1.3200 look for further upside with 1.3215 & 1.3230 as targets.
Comment
The RSI calls for a new downleg.
AUD/USD: Choppy
Pivot (invalidation): 0.7290
Our preference
Long positions above 0.7290 with targets at 0.7340 & 0.7360 in extension.
Alternative scenario
Below 0.7290 look for further downside with 0.7265 & 0.7245 as targets.
Comment
The RSI calls for a new upleg.
USD/TRY: Key resistance at 7.5000
Pivot (invalidation): 7.5000
Our preference
Short positions below 7.5000 with targets at 7.4730 & 7.4560 in extension.
Alternative scenario
Above 7.5000 look for further upside with 7.5100 & 7.5210 as targets.
Comment
As Long as the resistance at 7.5000 is not surpassed, the risk of the break below 7.4730 remains high.
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