USD/TRY Intraday: Further upside
|USD/CHF
Target 1.0080.
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Pivot (invalidation): 1.0035
Our preference
Long positions above 1.0035 with targets at 1.0060 & 1.0080 in extension.
Alternative scenario
Below 1.0035 look for further downside with 1.0015 & 1.0005 as targets.
Comment
The RSI calls for a new upleg.
USD/CAD
Turning up.
Pivot (invalidation): 1.3230
Our preference
Long positions above 1.3230 with targets at 1.3275 & 1.3295 in extension.
Alternative scenario
Below 1.3230 look for further downside with 1.3210 & 1.3190 as targets.
Comment
The RSI calls for a rebound.
AUD/USD
Target 0.7080.
Pivot (invalidation): 0.7135
Our preference
Short positions below 0.7135 with targets at 0.7095 & 0.7080 in extension.
Alternative scenario
Above 0.7135 look for further upside with 0.7160 & 0.7175 as targets.
Comment
The RSI has broken down its 30 level.
USD/TRY
Further upside.
Pivot (invalidation): 5.2900
Our preference
Long positions above 5.2900 with targets at 5.3170 & 5.3330 in extension.
Alternative scenario
Below 5.2900 look for further downside with 5.2700 & 5.2550 as targets.
Comment
The RSI advocates for further upside.
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