USDCHF Levels: The upside prevails
|USD/CHF
The upside prevails.
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Pivot (invalidation): 0.9920
Our preference
Long positions above 0.9920 with targets at 0.9950 & 0.9970 in extension.
Alternative scenario
Below 0.9920 look for further downside with 0.9900 & 0.9890 as targets.
Comment
A support base at 0.9920 has formed and has allowed for a temporary stabilisation.
USD/CAD
The bias remains bullish.
Pivot (invalidation): 1.3025
Our preference
Long positions above 1.3025 with targets at 1.3065 & 1.3095 in extension.
Alternative scenario
Below 1.3025 look for further downside with 1.3000 & 1.2975 as targets.
Comment
The RSI is mixed to bullish.
AUD/USD
Target 0.7355.
Pivot (invalidation): 0.7395
Our preference
Short positions below 0.7395 with targets at 0.7355 & 0.7330 in extension.
Alternative scenario
Above 0.7395 look for further upside with 0.7410 & 0.7430 as targets.
Comment
The RSI advocates for further downside.
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