USD/CHF Intraday: under pressure
|USD/CHF
Under pressure.
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Pivot (invalidation): 0.9945
Our preference
Short positions below 0.9945 with targets at 0.9920 & 0.9905 in extension.
Alternative scenario
Above 0.9945 look for further upside with 0.9960 & 0.9975 as targets.
Comment
The RSI is bearish and calls for further downside. The pair's upside remains capped by the descending 20-period moving average.
USD/CAD
Continuation of the rebound.
Pivot (invalidation): 1.3180
Our preference
Long positions above 1.3180 with targets at 1.3220 & 1.3235 in extension.
Alternative scenario
Below 1.3180 look for further downside with 1.3165 & 1.3145 as targets.
Comment
The RSI advocates for further upside.
AUD/USD
0.6810 expected.
Pivot (invalidation): 0.6765
Our preference
Long positions above 0.6765 with targets at 0.6790 & 0.6810 in extension.
Alternative scenario
Below 0.6765 look for further downside with 0.6750 & 0.6730 as targets.
Comment
The RSI is bullish and calls for further upside. A clear break above the overhead resistance at 0.6790 would expose the pair to the previous high at 0.6810.
USD/TRY
Watch 5.8530.
Pivot (invalidation): 5.8930
Our preference
Short positions below 5.8930 with targets at 5.8670 & 5.8530 in extension.
Alternative scenario
Above 5.8930 look for further upside with 5.9100 & 5.9300 as targets.
Comment
Technically the RSI is below its neutrality area at 50. The pair has posted a bearish pattern of lower highs while being capped by the descending 20-period moving average.
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