USD/CHF Intraday: under pressure
|USD/CHF
Under pressure.
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Pivot (invalidation): 0.9660
Our preference
Short positions below 0.9660 with targets at 0.9625 & 0.9605 in extension.
Alternative scenario
Above 0.9660 look for further upside with 0.9680 & 0.9700 as targets.
Comment
As Long as the resistance at 0.9660 is not surpassed, the risk of the break below 0.9625 remains high.
USD/CAD
Key resistance at 1.3050.
Pivot (invalidation): 1.3050
Our preference
Short positions below 1.3050 with targets at 1.3030 & 1.3020 in extension.
Alternative scenario
Above 1.3050 look for further upside with 1.3060 & 1.3075 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
AUD/USD
Bullish bias above 0.6895.
Pivot (invalidation): 0.6895
Our preference
Long positions above 0.6895 with targets at 0.6920 & 0.6930 in extension.
Alternative scenario
Below 0.6895 look for further downside with 0.6880 & 0.6865 as targets.
Comment
A support base at 0.6895 has formed and has allowed for a temporary stabilisation.
USD/TRY
5.8670 expected.
Pivot (invalidation): 5.8840
Our preference
Short positions below 5.8840 with targets at 5.8670 & 5.8600 in extension.
Alternative scenario
Above 5.8840 look for further upside with 5.8930 & 5.9010 as targets.
Comment
As Long as the resistance at 5.8840 is not surpassed, the risk of the break below 5.8670 remains high.
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