TRENDING:

XAU/USD

Silver

AUD/USD Intraday: Bullish bias above 0.6945

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Look for 0.9670.

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Pivot (invalidation): 0.9745

Our preference
Short positions below 0.9745 with targets at 0.9690 & 0.9670 in extension.

Alternative scenario
Above 0.9745 look for further upside with 0.9780 & 0.9800 as targets.

Comment
The RSI lacks upward momentum.

USD/CAD

1.3145 expected.

Pivot (invalidation): 1.3210

Our preference
Short positions below 1.3210 with targets at 1.3170 & 1.3145 in extension.

Alternative scenario
Above 1.3210 look for further upside with 1.3230 & 1.3255 as targets.

Comment
A break below 1.3170 would trigger a drop towards 1.3145.

AUD/USD

Bullish bias above 0.6945.

Pivot (invalidation): 0.6945

Our preference
Long positions above 0.6945 with targets at 0.6975 & 0.7000 in extension.

Alternative scenario
Below 0.6945 look for further downside with 0.6920 & 0.6900 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

USD/TRY

Continuation of the rebound.

Pivot (invalidation): 5.7750

Our preference
Long positions above 5.7750 with targets at 5.8380 & 5.8850 in extension.

Alternative scenario
Below 5.7750 look for further downside with 5.7350 & 5.7000 as targets.

Comment
The break above 5.7750 is a positive signal that has opened a path to 5.8380.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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