USD/CHF Intraday: Bullish bias above 1.0195
|USD/CHF
Bullish bias above 1.0195.
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Pivot (invalidation): 1.0195
Our preference
Long positions above 1.0195 with targets at 1.0230 & 1.0250 in extension.
Alternative scenario
Below 1.0195 look for further downside with 1.0180 & 1.0160 as targets.
Comment
A support base at 1.0195 has formed and has allowed for a temporary stabilisation.
USD/CAD
Target 1.3495.
Pivot (invalidation): 1.3410
Our preference
Long positions above 1.3410 with targets at 1.3475 & 1.3495 in extension.
Alternative scenario
Below 1.3410 look for further downside with 1.3390 & 1.3375 as targets.
Comment
The RSI is bullish and calls for further advance.
AUD/USD
The downside prevails.
Pivot (invalidation): 0.7080
Our preference
Short positions below 0.7080 with targets at 0.7000 & 0.6970 in extension.
Alternative scenario
Above 0.7080 look for further upside with 0.7100 & 0.7120 as targets.
Comment
The RSI has broken down its 30 level.
USD/TRY
Further upside.
Pivot (invalidation): 5.8200
Our preference
Long positions above 5.8200 with targets at 5.8750 & 5.8900 in extension.
Alternative scenario
Below 5.8200 look for further downside with 5.8000 & 5.7850 as targets.
Comment
The RSI calls for a new upleg.
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