TRENDING:

XAU/USD

Silver

AUD/USD Intraday: Aim @ 0.7155

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Target 0.9895.

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Pivot (invalidation): 0.9935

Our preference
Short positions below 0.9935 with targets at 0.9910 & 0.9895 in extension.

Alternative scenario
Above 0.9935 look for further upside with 0.9950 & 0.9970 as targets.

Comment
A break below 0.9910 would trigger a drop towards 0.9895.

USD/CAD

1.3345 expected.

Pivot (invalidation): 1.3415

Our preference
Short positions below 1.3415 with targets at 1.3370 & 1.3345 in extension.

Alternative scenario
Above 1.3415 look for further upside with 1.3440 & 1.3470 as targets.

Comment
The RSI is bearish and calls for further downside.

AUD/USD

Aim @ 0.7155.

Pivot (invalidation): 0.7100

Our preference
Long positions above 0.7100 with targets at 0.7135 & 0.7155 in extension.

Alternative scenario
Below 0.7100 look for further downside with 0.7080 & 0.7065 as targets.

Comment
The RSI is bullish and calls for further advance.

USD/TRY

Look for 5.4850.

Pivot (invalidation): 5.6210

Our preference
Short positions below 5.6210 with targets at 5.5380 & 5.4850 in extension.

Alternative scenario
Above 5.6210 look for further upside with 5.6950 & 5.7700 as targets.

Comment
A break below 5.5380 would trigger a drop towards 5.4850.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD hits two-day highs near 1.1820

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