USD/CHF Intraday: Bullish bias above 0.9865
|USD/CHF
Bullish bias above 0.9865.
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Pivot (invalidation): 0.9865
Our preference
Long positions above 0.9865 with targets at 0.9895 & 0.9910 in extension.
Alternative scenario
Below 0.9865 look for further downside with 0.9855 & 0.9835 as targets.
Comment
A support base at 0.9865 has formed and has allowed for a temporary stabilisation.
USD/CAD
The upside prevails.
Pivot (invalidation): 1.3060
Our preference
Long positions above 1.3060 with targets at 1.3100 & 1.3120 in extension.
Alternative scenario
Below 1.3060 look for further downside with 1.3040 & 1.3020 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
AUD/USD
The downside prevails.
Pivot (invalidation): 0.7025
Our preference
Short positions below 0.7025 with targets at 0.6985 & 0.6970 in extension.
Alternative scenario
Above 0.7025 look for further upside with 0.7045 & 0.7060 as targets.
Comment
The RSI shows downside momentum.
USD/TRY
Range.
Pivot (invalidation): 5.7200
Our preference
Short positions below 5.7200 with targets at 5.6950 & 5.6790 in extension.
Alternative scenario
Above 5.7200 look for further upside with 5.7330 & 5.7580 as targets.
Comment
The upward potential is likely to be limited by the resistance at 5.7200.
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