TRENDING:

XAU/USD

Silver

AUD/USD Intraday: Bullish bias above 0.7075

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Key resistance at 1.0015.

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Pivot (invalidation): 1.0015

Our preference
Short positions below 1.0015 with targets at 0.9985 & 0.9970 in extension.

Alternative scenario
Above 1.0015 look for further upside with 1.0030 & 1.0040 as targets.

Comment
As Long as the resistance at 1.0015 is not surpassed, the risk of the break below 0.9985 remains high.

USD/CAD

Key resistance at 1.3305.

Pivot (invalidation): 1.3305

Our preference
Short positions below 1.3305 with targets at 1.3260 & 1.3230 in extension.

Alternative scenario
Above 1.3305 look for further upside with 1.3330 & 1.3355 as targets.

Comment
A break below 1.3260 would trigger a drop towards 1.3230.

AUD/USD

Bullish bias above 0.7075.

Pivot (invalidation): 0.7075

Our preference
Long positions above 0.7075 with targets at 0.7120 & 0.7140 in extension.

Alternative scenario
Below 0.7075 look for further downside with 0.7055 & 0.7030 as targets.

Comment
The RSI is mixed to bullish.

USD/TRY

The upside prevails.

Pivot (invalidation): 5.2380

Our preference
Long positions above 5.2380 with targets at 5.2780 & 5.2960 in extension.

Alternative scenario
Below 5.2380 look for further downside with 5.2220 & 5.2060 as targets.

Comment
The RSI is bullish and calls for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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