USD/CHF: Under pressure
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Pivot (invalidation): 0.9485
Our preference
Short positions below 0.9485 with targets at 0.9460 & 0.9445 in extension.
Alternative scenario
Above 0.9485 look for further upside with 0.9500 & 0.9510 as targets.
Comment
The RSI lacks upward momentum.
USD/CAD: Turning down
Pivot (invalidation): 1.3690
Our preference
Short positions below 1.3690 with targets at 1.3630 & 1.3605 in extension.
Alternative scenario
Above 1.3690 look for further upside with 1.3715 & 1.3740 as targets.
Comment
A break below 1.3630 would trigger a drop towards 1.3605.
AUD/USD: Bullish bias above 0.6850
Pivot (invalidation): 0.6850
Our preference
Long positions above 0.6850 with targets at 0.6895 & 0.6920 in extension.
Alternative scenario
Below 0.6850 look for further downside with 0.6835 & 0.6815 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
USD/TRY: Key resistance at 6.8590
Pivot (invalidation): 6.8590
Our preference
Short positions below 6.8590 with targets at 6.8440 & 6.8350 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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