USD/CHF: Under pressure
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Pivot (invalidation): 0.9400
Our preference
Short positions below 0.9400 with targets at 0.9370 & 0.9355 in extension.
Alternative scenario
Above 0.9400 look for further upside with 0.9410 & 0.9425 as targets.
Comment
A break below 0.9370 would trigger a drop towards 0.9355.
USD/CAD: Towards 1.3485
Pivot (invalidation): 1.3540
Our preference
Short positions below 1.3540 with targets at 1.3500 & 1.3485 in extension.
Alternative scenario
Above 1.3540 look for further upside with 1.3560 & 1.3575 as targets.
Comment
A break below 1.3500 would trigger a drop towards 1.3485.
AUD/USD: Supported by a rising trend line
Pivot (invalidation): 0.7015
Our preference
Long positions above 0.7015 with targets at 0.7035 & 0.7050 in extension.
Alternative scenario
Below 0.7015 look for further downside with 0.7000 & 0.6985 as targets.
Comment
The break above 0.7015 is a positive signal that has opened a path to 0.7035.
USD/TRY: Key resistance at 6.8600
Pivot (invalidation): 6.8600
Our preference
Short positions below 6.8600 with targets at 6.8460 & 6.8380 in extension.
Alternative scenario
Above 6.8600 look for further upside with 6.8660 & 6.8730 as targets.
Comment
The upward potential is likely to be limited by the resistance at 6.8600.
Reprinted from FXStreet，the copyright all reserved by the original author.
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