TRENDING:

XAU/USD

Silver

AUD/USD intraday: Bullish bias above 0.7180

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: Watch 0.9040

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Pivot (invalidation): 0.9095

Our preference
Short positions below 0.9095 with targets at 0.9055 & 0.9040 in extension.

Alternative scenario
Above 0.9095 look for further upside with 0.9110 & 0.9130 as targets.

Comment
The RSI has broken down its 30 level.

USD/CAD: Key resistance at 1.3450

Pivot (invalidation): 1.3450

Our preference
Short positions below 1.3450 with targets at 1.3405 & 1.3380 in extension.

Alternative scenario
Above 1.3450 look for further upside with 1.3475 & 1.3495 as targets.

Comment
As Long as the resistance at 1.3450 is not surpassed, the risk of the break below 1.3405 remains high.

AUD/USD: Bullish bias above 0.7180

Pivot (invalidation): 0.7180

Our preference
Long positions above 0.7180 with targets at 0.7220 & 0.7245 in extension.

Alternative scenario
Below 0.7180 look for further downside with 0.7160 & 0.7140 as targets.

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

USD/TRY: Under pressure

Pivot (invalidation): 7.0000

Our preference
Short positions below 7.0000 with targets at 6.9480 & 6.9170 in extension.

Alternative scenario
Above 7.0000 look for further upside with 7.0250 & 7.0500 as targets.

Comment
The RSI is bearish and calls for further downside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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