USDCAD Intraday: The upside prevails
|USD/CHF
Watch 1.0070.
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Pivot (invalidation): 1.0020
Our preference
Long positions above 1.0020 with targets at 1.0050 & 1.0070 in extension.
Alternative scenario
Below 1.0020 look for further downside with 0.9990 & 0.9965 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/CAD
The upside prevails.
Pivot (invalidation): 1.3090
Our preference
Long positions above 1.3090 with targets at 1.3120 & 1.3140 in extension.
Alternative scenario
Below 1.3090 look for further downside with 1.3065 & 1.3045 as targets.
Comment
The RSI lacks downward momentum.
AUD/USD
Under pressure.
Pivot (invalidation): 0.7210
Our preference
Short positions below 0.7210 with targets at 0.7180 & 0.7160 in extension.
Alternative scenario
Above 0.7210 look for further upside with 0.7230 & 0.7260 as targets.
Comment
The RSI is bearish and calls for further downside.
USD/TRY
Rebound expected.
Pivot (invalidation): 5.4160
Our preference
Long positions above 5.4160 with targets at 5.4760 & 5.5070 in extension.
Alternative scenario
Below 5.4160 look for further downside with 5.3875 & 5.3535 as targets.
Comment
The RSI calls for a rebound.
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