TRENDING:

XAU/USD

Silver

AUD/USD Intraday: Break of a ST rising trendline support

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Further advance.

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Pivot (invalidation): 0.9780

Our preference
Long positions above 0.9780 with targets at 0.9835 & 0.9860 in extension.

Alternative scenario
Below 0.9780 look for further downside with 0.9765 & 0.9735 as targets.

Comment
The RSI is bullish and calls for further advance.

USD/CAD

Range.

Pivot (invalidation): 1.3105

Our preference
Short positions below 1.3105 with targets at 1.3075 & 1.3055 in extension.

Alternative scenario
Above 1.3105 look for further upside with 1.3120 & 1.3135 as targets.

Comment
A break below 1.3075 would trigger a drop towards 1.3055.

AUD/USD

Break of a ST rising trendline support.

Pivot (invalidation): 0.7030

Our preference
Short positions below 0.7030 with targets at 0.6985 & 0.6970 in extension.

Alternative scenario
Above 0.7030 look for further upside with 0.7045 & 0.7065 as targets.

Comment
The RSI calls for a new downleg.

USD/TRY

The downside prevails.

Pivot (invalidation): 5.7750

Our preference
Short positions below 5.7750 with targets at 5.7260 & 5.7000 in extension.

Alternative scenario
Above 5.7750 look for further upside with 5.8000 & 5.8260 as targets.

Comment
The RSI calls for a new downleg.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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