USD/CAD Intraday: Turning up
|USD/CHF
Turning down.
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Pivot (invalidation): 0.9910
Our preference
Short positions below 0.9910 with targets at 0.9880 & 0.9860 in extension.
Alternative scenario
Above 0.9910 look for further upside with 0.9925 & 0.9945 as targets.
Comment
As Long as the resistance at 0.9910 is not surpassed, the risk of the break below 0.9880 remains high.
USD/CAD
Turning up.
Pivot (invalidation): 1.3245
Our preference
Long positions above 1.3245 with targets at 1.3270 & 1.3280 in extension.
Alternative scenario
Below 1.3245 look for further downside with 1.3230 & 1.3215 as targets.
Comment
The RSI is bullish and calls for further upside.
AUD/USD
Aim @ 0.6765.
Pivot (invalidation): 0.6820
Our preference
Short positions below 0.6820 with targets at 0.6785 & 0.6765 in extension.
Alternative scenario
Above 0.6820 look for further upside with 0.6840 & 0.6855 as targets.
Comment
The RSI has broken down its 30 level.
USD/TRY
Bullish bias above 5.7550.
Pivot (invalidation): 5.7550
Our preference
Long positions above 5.7550 with targets at 5.7780 & 5.7870 in extension.
Alternative scenario
Below 5.7550 look for further downside with 5.7440 & 5.7290 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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