USD/CHF intraday: Key resistance at 0.9470
USD/CHF: Key resistance at 0.9470
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Pivot (invalidation): 0.9470
Our preference
Short positions below 0.9470 with targets at 0.9445 & 0.9435 in extension.
Alternative scenario
Above 0.9470 look for further upside with 0.9490 & 0.9505 as targets.
Comment
The upward potential is likely to be limited by the resistance at 0.9470.
USD/CAD: Watch 1.3640
Pivot (invalidation): 1.3570
Our preference
Long positions above 1.3570 with targets at 1.3615 & 1.3640 in extension.
Alternative scenario
Below 1.3570 look for further downside with 1.3545 & 1.3530 as targets.
Comment
The RSI calls for a new upleg.
AUD/USD: Key resistance at 0.6930
Pivot (invalidation): 0.6930
Our preference
Short positions below 0.6930 with targets at 0.6900 & 0.6880 in extension.
Alternative scenario
Above 0.6930 look for further upside with 0.6945 & 0.6960 as targets.
Comment
As Long as the resistance at 0.6930 is not surpassed, the risk of the break below 0.6900 remains high.
USD/TRY: Under pressure
Pivot (invalidation): 6.8550
Our preference
Short positions below 6.8550 with targets at 6.8350 & 6.8250 in extension.
Alternative scenario
Above 6.8550 look for further upside with 6.8620 & 6.8720 as targets.
Comment
A break below 6.8350 would trigger a drop towards 6.8250.
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