TRENDING:

XAU/USD

Silver

AUD/USD Intraday: key resistance at 0.6805

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Key resistance at 0.9920.

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Pivot (invalidation): 0.9920

Our preference
Short positions below 0.9920 with targets at 0.9885 & 0.9870 in extension.

Alternative scenario
Above 0.9920 look for further upside with 0.9935 & 0.9945 as targets.

Comment
As Long as the resistance at 0.9920 is not surpassed, the risk of the break below 0.9885 remains high.

USD/CAD

Bullish bias above 1.3295.

Pivot (invalidation): 1.3295

Our preference
Long positions above 1.3295 with targets at 1.3325 & 1.3345 in extension.

Alternative scenario
Below 1.3295 look for further downside with 1.3275 & 1.3260 as targets.

Comment
A support base at 1.3295 has formed and has allowed for a temporary stabilisation.

AUD/USD

Key resistance at 0.6805.

Pivot (invalidation): 0.6805

Our preference
Short positions below 0.6805 with targets at 0.6785 & 0.6775 in extension.

Alternative scenario
Above 0.6805 look for further upside with 0.6820 & 0.6830 as targets.

Comment
The upward potential is likely to be limited by the resistance at 0.6805.

USD/TRY

Under pressure.

Pivot (invalidation): 5.7100

Our preference
Short positions below 5.7100 with targets at 5.6880 & 5.6780 in extension.

Alternative scenario
Above 5.7100 look for further upside with 5.7210 & 5.7400 as targets.

Comment
As Long as the resistance at 5.7100 is not surpassed, the risk of the break below 5.6880 remains high.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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