USD/CHF Intraday: Bullish bias above 1.0085

USD/CHF

Bullish bias above 1.0085.

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Pivot (invalidation): 1.0085

Our preference
Long positions above 1.0085 with targets at 1.0110 & 1.0125 in extension.

Alternative scenario
Below 1.0085 look for further downside with 1.0070 & 1.0050 as targets.

Comment
The break above 1.0085 is a positive signal that has opened a path to 1.0110.

USD/CAD

Expect 1.3505.

Pivot (invalidation): 1.3440

Our preference
Long positions above 1.3440 with targets at 1.3485 & 1.3505 in extension.

Alternative scenario
Below 1.3440 look for further downside with 1.3415 & 1.3400 as targets.

Comment
The RSI is bullish and calls for further upside.

AUD/USD

Watch 0.6865.

Pivot (invalidation): 0.6905

Our preference
Short positions below 0.6905 with targets at 0.6880 & 0.6865 in extension.

Alternative scenario
Above 0.6905 look for further upside with 0.6920 & 0.6935 as targets.

Comment
A break below 0.6880 would trigger a drop towards 0.6865.

USD/TRY

The bias remains bullish.

Pivot (invalidation): 6.0340

Our preference
Long positions above 6.0340 with targets at 6.0890 & 6.1110 in extension.

Alternative scenario
Below 6.0340 look for further downside with 5.9900 & 5.9530 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.