USD/CHF: Under pressure
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Pivot (invalidation): 0.9495
Our preference
Short positions below 0.9495 with targets at 0.9470 & 0.9460 in extension.
Alternative scenario
Above 0.9495 look for further upside with 0.9510 & 0.9525 as targets.
Comment
The RSI is mixed to bearish.
USD/CAD: Under pressure
Pivot (invalidation): 1.3660
Our preference
Short positions below 1.3660 with targets at 1.3620 & 1.3605 in extension.
Alternative scenario
Above 1.3660 look for further upside with 1.3685 & 1.3710 as targets.
Comment
As Long as the resistance at 1.3660 is not surpassed, the risk of the break below 1.3620 remains high.
AUD/USD: The bias remains bullish
Pivot (invalidation): 0.6860
Our preference
Long positions above 0.6860 with targets at 0.6900 & 0.6920 in extension.
Alternative scenario
Below 0.6860 look for further downside with 0.6845 & 0.6825 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/TRY: Key resistance at 6.8590
Pivot (invalidation): 6.8590
Our preference
Short positions below 6.8590 with targets at 6.8400 & 6.8320 in extension.
Alternative scenario
Above 6.8590 look for further upside with 6.8720 & 6.8840 as targets.
Comment
The upward potential is likely to be limited by the resistance at 6.8590.
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