AUD/USD intraday: Key resistance at 0.7215

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: Rebound expected

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Pivot (invalidation): 0.9065

Our preference
Long positions above 0.9065 with targets at 0.9100 & 0.9130 in extension.

Alternative scenario
Below 0.9065 look for further downside with 0.9045 & 0.9025 as targets.

Comment
The break above 0.9065 is a positive signal that has opened a path to 0.9100.

USD/CAD: Bullish bias above 1.3250

Pivot (invalidation): 1.3250

Our preference
Long positions above 1.3250 with targets at 1.3290 & 1.3315 in extension.

Alternative scenario
Below 1.3250 look for further downside with 1.3230 & 1.3200 as targets.

Comment
A support base at 1.3250 has formed and has allowed for a temporary stabilisation.

AUD/USD: Key resistance at 0.7215

Pivot (invalidation): 0.7215

Our preference
Short positions below 0.7215 with targets at 0.7180 & 0.7165 in extension.

Alternative scenario
Above 0.7215 look for further upside with 0.7240 & 0.7260 as targets.

Comment
A break below 0.7180 would trigger a drop towards 0.7165.

USD/TRY: Bullish bias above 7.0100

Pivot (invalidation): 7.0100

Our preference
Long positions above 7.0100 with targets at 7.0760 & 7.0990 in extension.

Alternative scenario
Below 7.0100 look for further downside with 6.9860 & 6.9550 as targets.

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

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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