USDCAD Intraday: The upside prevails

USD/CHF

Watch 1.0070.

USDCHF

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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.

USDCAD

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.

AUDUSD

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.

USDTRY

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.

This report has been prepared by AC Markets and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by AC Markets personnel at any given time. ACM is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.