|

AUD/USD intraday: Key resistance at 0.7215

USD/CHF: Rebound expected

USDCHF

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


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

USDCAD

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

AUDUSD

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

USDTRY

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

More from Swissquote Bank Research Team
Share:

Editor's Picks

EUR/USD treads water around 1.1900

EUR/USD edges a tad lower around the 1.1900 area, coming under mild pressure despite the US Dollar keeps the offered stance on turnaround Tuesday. On the US data front, December Retail Sales fell short of expectations, while the ADP four week average printed at 6.5K.

GBP/USD looks weak near 1.3670

GBP/USD trades on the back foot around the 1.3670 region on Tuesday. Cable’s modest retracement also comes in tandem with the decent decline in the Greenback. Moving forward, the US NFP and CPI data in combination with key UK releases should kee the quid under scrutiny in the next few days.

Gold the battle of wills continues with bulls not ready to give up

Gold comes under marked selling pressure on Tuesday, giving back part of its recent two day advance and threatening to challenge the key $5,000 mark per troy ounce. The yellow metal’s correction follows a better tone in the risk complex, a lower Greenback and shrinking US Treasuty yields.

AI Crypto Update: BankrCoin, Pippin surge as sector market cap steadies above $12B

The Artificial Intelligence (AI) segment is largely on the back foot with major coins such as Bittensor (TAO) and Internet Computer (ICP) extending losses amid a sticky risk-off sentiment.

Dollar drops and stocks rally: The week of reckoning for US economic data

Following a sizeable move lower in US technology Stocks last week, we have witnessed a meaningful recovery unfold. The USD Index is in a concerning position; the monthly price continues to hold the south channel support.

XRP holds $1.40 amid ETF inflows and stable derivatives market

Ripple trades under pressure, with immediate support at $1.40 holding at the time of writing on Tuesday. A recovery attempt from last week’s sell-off to $1.12 stalled at $1.54 on Friday, leading to limited price action between the current support and the resistance.