USD/CHF intraday: Bullish bias above 0.9405
USD/CHF: Bullish bias above 0.9405
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Pivot (invalidation): 0.9405
Our preference
Long positions above 0.9405 with targets at 0.9440 & 0.9450 in extension.
Alternative scenario
Below 0.9405 look for further downside with 0.9395 & 0.9385 as targets.
Comment
The RSI lacks downward momentum.
USD/CAD: Further advance
Pivot (invalidation): 1.3580
Our preference
Long positions above 1.3580 with targets at 1.3650 & 1.3680 in extension.
Alternative scenario
Below 1.3580 look for further downside with 1.3555 & 1.3535 as targets.
Comment
The RSI is bullish and calls for further advance.
AUD/USD: Under pressure
Pivot (invalidation): 0.6950
Our preference
Short positions below 0.6950 with targets at 0.6920 & 0.6910 in extension.
Alternative scenario
Above 0.6950 look for further upside with 0.6965 & 0.6980 as targets.
Comment
As Long as 0.6950 is resistance, look for choppy price action with a bearish bias.
USD/TRY: Under pressure
Pivot (invalidation): 6.8680
Our preference
Short positions below 6.8680 with targets at 6.8500 & 6.8400 in extension.
Alternative scenario
Above 6.8680 look for further upside with 6.8750 & 6.8820 as targets.
Comment
As Long as the resistance at 6.8680 is not surpassed, the risk of the break below 6.8500 remains high.
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