TRENDING:

XAU/USD

Silver

AUD/USD intraday: Target 0.7400

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: The downside prevails

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Pivot (invalidation): 0.9095

Our preference
Short positions below 0.9095 with targets at 0.9060 & 0.9040 in extension.

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

Comment
The RSI is bearish and calls for further downside.

USD/CAD: 1.2965 expected

Pivot (invalidation): 1.3015

Our preference
Short positions below 1.3015 with targets at 1.2985 & 1.2965 in extension.

Alternative scenario
Above 1.3015 look for further upside with 1.3030 & 1.3045 as targets.

Comment
A break below 1.2985 would trigger a drop towards 1.2965.

AUD/USD: Target 0.7400

Pivot (invalidation): 0.7350

Our preference
Long positions above 0.7350 with targets at 0.7385 & 0.7400 in extension.

Alternative scenario
Below 0.7350 look for further downside with 0.7335 & 0.7320 as targets.

Comment
The RSI advocates for further upside.

USD/TRY: Rebound expected

Pivot (invalidation): 7.9000

Our preference
Long positions above 7.9000 with targets at 7.9830 & 8.0310 in extension.

Alternative scenario
Below 7.9000 look for further downside with 7.8480 & 7.8000 as targets.

Comment
A support base at 7.9000 has formed and has allowed for a temporary stabilisation.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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