Analysis

USD/TRY Intraday: Further upside

USD/CHF

Bullish bias above 1.0060.

 


 

Stay on top of the markets with Swissquote’s News & Analysis

 


Pivot (invalidation): 1.0060

Our preference
Long positions above 1.0060 with targets at 1.0095 & 1.0110 in extension.

Alternative scenario
Below 1.0060 look for further downside with 1.0035 & 1.0020 as targets.

Comment
A support base at 1.0060 has formed and has allowed for a temporary stabilisation.

 

USD/CAD

Intraday support around 1.3230.

Pivot (invalidation): 1.3230

Our preference
Long positions above 1.3230 with targets at 1.3275 & 1.3305 in extension.

Alternative scenario
Below 1.3230 look for further downside with 1.3210 & 1.3190 as targets.

Comment
The RSI is above its neutrality area at 50%.

 

AUD/USD

Rebound.

Pivot (invalidation): 0.7080

Our preference
Long positions above 0.7080 with targets at 0.7135 & 0.7150 in extension.

Alternative scenario
Below 0.7080 look for further downside with 0.7065 & 0.7050 as targets.

Comment
The RSI calls for a bounce.

 

USD/TRY

Further upside.

Pivot (invalidation): 5.2680

Our preference
Long positions above 5.2680 with targets at 5.2960 & 5.3100 in extension.

Alternative scenario
Below 5.2680 look for further downside with 5.2420 & 5.2300 as targets.

Comment
The RSI calls for a bounce.

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.