TRENDING:

XAU/USD

Silver

AUD/USD Intraday: rebound

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Key resistance at 0.9745.

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Pivot (invalidation): 0.9745

Our preference
Short positions below 0.9745 with targets at 0.9715 & 0.9700 in extension.

Alternative scenario
Above 0.9745 look for further upside with 0.9770 & 0.9795 as targets.

Comment
The index currently faces a challenging resistance area at 0.9745.

USD/CAD

Turning down.

Pivot (invalidation): 1.3325

Our preference
Short positions below 1.3325 with targets at 1.3285 & 1.3265 in extension.

Alternative scenario
Above 1.3325 look for further upside with 1.3355 & 1.3380 as targets.

Comment
The RSI shows downside momentum.

AUD/USD

Rebound.

Pivot (invalidation): 0.6760

Our preference
Long positions above 0.6760 with targets at 0.6800 & 0.6815 in extension.

Alternative scenario
Below 0.6760 look for further downside with 0.6745 & 0.6730 as targets.

Comment
The RSI calls for a new upleg.

USD/TRY

Turning down.

Pivot (invalidation): 5.6180

Our preference
Short positions below 5.6180 with targets at 5.5920 & 5.5720 in extension.

Alternative scenario
Above 5.6180 look for further upside with 5.6350 & 5.6520 as targets.

Comment
The RSI advocates for further downside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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