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XAU/USD

AUD/USD Intraday: Bullish bias above 0.6880

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Expect 0.9860.

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Pivot (invalidation): 0.9930

Our preference
Short positions below 0.9930 with targets at 0.9890 & 0.9860 in extension.

Alternative scenario
Above 0.9930 look for further upside with 0.9960 & 0.9990 as targets.

Comment
The RSI has broken down its 30 level.

USD/CAD

Target 1.3200.

Pivot (invalidation): 1.3275

Our preference
Short positions below 1.3275 with targets at 1.3220 & 1.3200 in extension.

Alternative scenario
Above 1.3275 look for further upside with 1.3310 & 1.3345 as targets.

Comment
The RSI has broken down its 30 level.

AUD/USD

Bullish bias above 0.6880.

Pivot (invalidation): 0.6880

Our preference
Long positions above 0.6880 with targets at 0.6905 & 0.6915 in extension.

Alternative scenario
Below 0.6880 look for further downside with 0.6865 & 0.6855 as targets.

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

USD/TRY

5.7500 expected.

Pivot (invalidation): 5.8200

Our preference
Short positions below 5.8200 with targets at 5.7730 & 5.7500 in extension.

Alternative scenario
Above 5.8200 look for further upside with 5.8520 & 5.8800 as targets.

Comment
The RSI is bearish and calls for further decline.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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