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XAU/USD

Silver

AUD/USD Intraday: Bullish bias above 0.6205

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Bullish bias above 0.9700.

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Pivot (invalidation): 0.9700

Our preference
Long positions above 0.9700 with targets at 0.9730 & 0.9745 in extension.

Alternative scenario
Below 0.9700 look for further downside with 0.9680 & 0.9665 as targets.

Comment
The RSI lacks downward momentum.

USD/CAD

Key resistance at 1.4040.

Pivot (invalidation): 1.4040

Our preference
Short positions below 1.4040 with targets at 1.3995 & 1.3975 in extension.

Alternative scenario
Above 1.4040 look for further upside with 1.4075 & 1.4105 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.4040.

AUD/USD

Bullish bias above 0.6205.

Pivot (invalidation): 0.6205

Our preference
Long positions above 0.6205 with targets at 0.6250 & 0.6275 in extension.

Alternative scenario
Below 0.6205 look for further downside with 0.6180 & 0.6155 as targets.

Comment
A support base at 0.6205 has formed and has allowed for a temporary stabilisation.

USD/TRY

The upside prevails.

Pivot (invalidation): 6.7610

Our preference
Long positions above 6.7610 with targets at 6.7910 & 6.8150 in extension.

Alternative scenario
Below 6.7610 look for further downside with 6.7490 & 6.7290 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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