USD/CAD intraday: Turning up
USD/CHF: Turning up
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Pivot (invalidation): 0.9405
Our preference
Long positions above 0.9405 with targets at 0.9435 & 0.9450 in extension.
Alternative scenario
Below 0.9405 look for further downside with 0.9380 & 0.9360 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
USD/CAD: Turning up
Pivot (invalidation): 1.3520
Our preference
Long positions above 1.3520 with targets at 1.3565 & 1.3580 in extension.
Alternative scenario
Below 1.3520 look for further downside with 1.3500 & 1.3480 as targets.
Comment
The RSI calls for a new upleg.
AUD/USD: 0.6920 expected
Pivot (invalidation): 0.6990
Our preference
Short positions below 0.6990 with targets at 0.6950 & 0.6920 in extension.
Alternative scenario
Above 0.6990 look for further upside with 0.7010 & 0.7035 as targets.
Comment
A break below 0.6950 would trigger a drop towards 0.6920.
USD/TRY: Under pressure
Pivot (invalidation): 6.8650
Our preference
Short positions below 6.8650 with targets at 6.8530 & 6.8420 in extension.
Alternative scenario
Above 6.8650 look for further upside with 6.8720 & 6.8820 as targets.
Comment
As Long as the resistance at 6.8650 is not surpassed, the risk of the break below 6.8530 remains high.
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