USD/TRY Intraday: 5.6350 expected
|USD/CHF
Key resistance at 0.9915.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 0.9915
Our preference
Short positions below 0.9915 with targets at 0.9880 & 0.9865 in extension.
Alternative scenario
Above 0.9915 look for further upside with 0.9930 & 0.9945 as targets.
Comment
As Long as the resistance at 0.9915 is not surpassed, the risk of the break below 0.9880 remains high.
USD/CAD
Aim @ 1.3245.
Pivot (invalidation): 1.3200
Our preference
Long positions above 1.3200 with targets at 1.3225 & 1.3245 in extension.
Alternative scenario
Below 1.3200 look for further downside with 1.3175 & 1.3160 as targets.
Comment
The RSI is bullish and calls for further upside.
AUD/USD
Key resistance at 0.6875.
Pivot (invalidation): 0.6875
Our preference
Short positions below 0.6875 with targets at 0.6855 & 0.6845 in extension.
Alternative scenario
Above 0.6875 look for further upside with 0.6885 & 0.6895 as targets.
Comment
The upward potential is likely to be limited by the resistance at 0.6875.
USD/TRY
5.6350 expected.
Pivot (invalidation): 5.6750
Our preference
Short positions below 5.6750 with targets at 5.6480 & 5.6350 in extension.
Alternative scenario
Above 5.6750 look for further upside with 5.6920 & 5.7130 as targets.
Comment
A break below 5.6480 would trigger a drop towards 5.6350.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.