USD/TRY Intraday: bullish bias above 5.7800
|USD/CHF
Turning up.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 0.9715
Our preference
Long positions above 0.9715 with targets at 0.9785 & 0.9810 in extension.
Alternative scenario
Below 0.9715 look for further downside with 0.9695 & 0.9670 as targets.
Comment
The RSI calls for a new upleg.
USD/CAD
Under pressure.
Pivot (invalidation): 1.3320
Our preference
Short positions below 1.3320 with targets at 1.3275 & 1.3260 in extension.
Alternative scenario
Above 1.3320 look for further upside with 1.3340 & 1.3355 as targets.
Comment
The RSI lacks upward momentum.
AUD/USD
Continuation of the rebound.
Pivot (invalidation): 0.6715
Our preference
Long positions above 0.6715 with targets at 0.6755 & 0.6775 in extension.
Alternative scenario
Below 0.6715 look for further downside with 0.6685 & 0.6660 as targets.
Comment
The RSI calls for a rebound.
USD/TRY
Bullish bias above 5.7800.
Pivot (invalidation): 5.7800
Our preference
Long positions above 5.7800 with targets at 5.8350 & 5.8650 in extension.
Alternative scenario
Below 5.7800 look for further downside with 5.7400 & 5.7010 as targets.
Comment
The RSI is mixed to bullish.
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.