USD/CAD intraday: Watch 1.2960
|USD/CHF: Towards 0.9080
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Pivot (invalidation): 0.9120
Our preference
Short positions below 0.9120 with targets at 0.9095 & 0.9080 in extension.
Alternative scenario
Above 0.9120 look for further upside with 0.9135 & 0.9150 as targets.
Comment
A break below 0.9095 would trigger a drop towards 0.9080.
USD/CAD: Watch 1.2960
Pivot (invalidation): 1.3030
Our preference
Short positions below 1.3030 with targets at 1.2985 & 1.2960 in extension.
Alternative scenario
Above 1.3030 look for further upside with 1.3055 & 1.3080 as targets.
Comment
A break below 1.2985 would trigger a drop towards 1.2960.
AUD/USD: The bias remains bullish
Pivot (invalidation): 0.7340
Our preference
Long positions above 0.7340 with targets at 0.7370 & 0.7385 in extension.
Alternative scenario
Below 0.7340 look for further downside with 0.7325 & 0.7310 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/TRY: Further upside
Pivot (invalidation): 7.9390
Our preference
Long positions above 7.9390 with targets at 8.0310 & 8.0840 in extension.
Alternative scenario
Below 7.9390 look for further downside with 7.8600 & 7.8000 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
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