Analysis

USDCHF Intraday: The bias remains bullish

USD/CHF

The bias remains bullish.


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Pivot (invalidation): 0.9880

Our preference
Long positions above 0.9880 with targets at 0.9920 & 0.9935 in extension.

Alternative scenario
Below 0.9880 look for further downside with 0.9865 & 0.9850 as targets.

Comment
The RSI lacks downward momentum.

 

USD/CAD

Intraday support around 1.3010.

Pivot (invalidation): 1.3010

Our preference
Long positions above 1.3010 with targets at 1.3050 & 1.3070 in extension.

Alternative scenario
Below 1.3010 look for further downside with 1.2980 & 1.2955 as targets.

Comment
The RSI lacks downward momentum.

 

AUD/USD

Supported by a rising trend line.

Pivot (invalidation): 0.7100

Our preference
Long positions above 0.7100 with targets at 0.7130 & 0.7150 in extension.

Alternative scenario
Below 0.7100 look for further downside with 0.7080 & 0.7065 as targets.

Comment
The RSI is mixed to bullish.

 

USD/TRY

The downside prevails.

Pivot (invalidation): 6.0080

Our preference
Short positions below 6.0080 with targets at 5.8620 & 5.8080 in extension.

Alternative scenario
Above 6.0080 look for further upside with 6.0810 & 6.1330 as targets.

Comment
The RSI lacks upward momentum.

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