TRENDING:

XAU/USD

Silver

AUD/USD Intraday: 0.6965 expected

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Under pressure.

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Pivot (invalidation): 0.9870

Our preference
Short positions below 0.9870 with targets at 0.9830 & 0.9810 in extension.

Alternative scenario
Above 0.9870 look for further upside with 0.9890 & 0.9910 as targets.

Comment
As Long as the resistance at 0.9870 is not surpassed, the risk of the break below 0.9830 remains high.

USD/CAD

Under pressure.

Pivot (invalidation): 1.3175

Our preference
Short positions below 1.3175 with targets at 1.3145 & 1.3125 in extension.

Alternative scenario
Above 1.3175 look for further upside with 1.3195 & 1.3225 as targets.

Comment
A break below 1.3145 would trigger a drop towards 1.3125.

AUD/USD

0.6965 expected.

Pivot (invalidation): 0.6905

Our preference
Long positions above 0.6905 with targets at 0.6940 & 0.6965 in extension.

Alternative scenario
Below 0.6905 look for further downside with 0.6890 & 0.6865 as targets.

Comment
A support base at 0.6905 has formed and has allowed for a temporary stabilisation.

USD/TRY

Look for 5.7430.

Pivot (invalidation): 5.7960

Our preference
Short positions below 5.7960 with targets at 5.7650 & 5.7430 in extension.

Alternative scenario
Above 5.7960 look for further upside with 5.8180 & 5.8330 as targets.

Comment
A break below 5.7650 would trigger a drop towards 5.7430.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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