USD/CHF Intraday: Limited upside
|USD/CHF
Limited upside.
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Pivot (invalidation): 1.0010
Our preference
Long positions above 1.0010 with targets at 1.0045 & 1.0060 in extension.
Alternative scenario
Below 1.0010 look for further downside with 0.9990 & 0.9975 as targets.
Comment
A support base at 1.0010 has formed and has allowed for a temporary stabilisation.
USD/CAD
Caution.
Pivot (invalidation): 1.3355
Our preference
Long positions above 1.3355 with targets at 1.3390 & 1.3405 in extension.
Alternative scenario
Below 1.3355 look for further downside with 1.3335 & 1.3310 as targets.
Comment
Intraday technical indicators are mixed and call for caution.
AUD/USD
Key resistance at 0.7135.
Pivot (invalidation): 0.7135
Our preference
Short positions below 0.7135 with targets at 0.7110 & 0.7090 in extension.
Alternative scenario
Above 0.7135 look for further upside with 0.7150 & 0.7165 as targets.
Comment
The upward potential is likely to be limited by the resistance at 0.7135.
USD/TRY
The upside prevails.
Pivot (invalidation): 5.7200
Our preference
Long positions above 5.7200 with targets at 5.7550 & 5.7750 in extension.
Alternative scenario
Below 5.7200 look for further downside with 5.7000 & 5.6730 as targets.
Comment
The RSI advocates for further upside.
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