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.

Stay on top of the markets with Swissquote’s News & Analysis

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

EUR/USD tests nine-day EMA support near 1.1850

EUR/USD remains in the negative territory for the fourth successive session, trading around 1.1870 during the Asian hours on Friday. The 14-day Relative Strength Index momentum indicator at 56 stays above the midline, confirming steady momentum. RSI has eased but remains above 50, indicating momentum remains constructive for the bulls.

GBP/USD consolidates around 1.3600 vs. USD; looks to US CPI for fresh impetus

The GBP/USD pair remains on the defensive through the Asian session on Friday, though it lacks bearish conviction and holds above the 1.3600 mark as traders await the release of the US consumer inflation figures before placing directional bets.

Gold: Will US CPI data trigger a range breakout?

Gold retakes $5,000 early Friday amid a turnaround from weekly lows as US CPI data loom. The US Dollar consolidates weekly losses as AI concerns-driven risk-off mood stalls downside. Technically, Gold appears primed for a big range breakout, with risks skewed toward a bullish break.

Bitcoin, Ethereum and Ripple stay weak as bearish momentum persists

Bitcoin, Ethereum and Ripple remain under pressure, extending losses of over 5%, 6% and 4%, respectively, so far this week. BTC trades below $67,000 while ETH and XRP correct after facing rejection around key levels. With bearish momentum persisting and prices staying weak, the top three cryptocurrencies continue to show no clear signs of a sustained recovery.

A tale of two labour markets: Headline strength masks underlying weakness

Undoubtedly, yesterday’s delayed US January jobs report delivered a strong headline – one that surpassed most estimates. However, optimism quickly faded amid sobering benchmark revisions.

Aster Price Forecast: Demand sparks on Binance Wallet partnership for on-chain perpetuals

Aster is up roughly 9% so far on Thursday, hinting at the breakout of a crucial resistance level. Aster partners up with Binance wallet for the second season of the on-chain perpetuals challenge.