USD/CAD Intraday: Under pressure
|USD/CHF
Turning up.
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Pivot (invalidation): 0.9750
Our preference
Long positions above 0.9750 with targets at 0.9790 & 0.9805 in extension.
Alternative scenario
Below 0.9750 look for further downside with 0.9730 & 0.9720 as targets.
Comment
The RSI is bullish and calls for further advance.
USD/CAD
Under pressure.
Pivot (invalidation): 1.3295
Our preference
Short positions below 1.3295 with targets at 1.3265 & 1.3250 in extension.
Alternative scenario
Above 1.3295 look for further upside with 1.3305 & 1.3315 as targets.
Comment
The RSI lacks upward momentum.
AUD/USD
Key resistance at 0.6620.
Pivot (invalidation): 0.6620
Our preference
Short positions below 0.6620 with targets at 0.6580 & 0.6560 in extension.
Alternative scenario
Above 0.6620 look for further upside with 0.6640 & 0.6655 as targets.
Comment
As Long as the resistance at 0.6620 is not surpassed, the risk of the break below 0.6580 remains high.
USD/TRY
The upside prevails.
Pivot (invalidation): 6.1350
Our preference
Long positions above 6.1350 with targets at 6.1580 & 6.1700 in extension.
Alternative scenario
Below 6.1350 look for further downside with 6.1230 & 6.1120 as targets.
Comment
A support base at 6.1350 has formed and has allowed for a temporary stabilisation.
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