TRENDING:

XAU/USD

Silver

AUD/USD Intraday: The downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

The bias remains bullish.

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Pivot (invalidation): 0.9925

Our preference
Long positions above 0.9925 with targets at 0.9970 & 0.9990 in extension.

Alternative scenario
Below 0.9925 look for further downside with 0.9905 & 0.9885 as targets.

Comment
The RSI lacks downward momentum.

USD/CAD

Bullish bias above 1.3250.

Pivot (invalidation): 1.3250

Our preference
Long positions above 1.3250 with targets at 1.3300 & 1.3320 in extension.

Alternative scenario
Below 1.3250 look for further downside with 1.3235 & 1.3220 as targets.

Comment
The RSI is above its neutrality area at 50%.

AUD/USD

The downside prevails.

Pivot (invalidation): 0.7180

Our preference
Short positions below 0.7180 with targets at 0.7145 & 0.7130 in extension.

Alternative scenario
Above 0.7180 look for further upside with 0.7195 & 0.7205 as targets.

Comment
A break below 0.7145 would trigger a drop towards 0.7130.

USD/TRY

Key resistance at 5.3440.

Pivot (invalidation): 5.3440

Our preference
Short positions below 5.3440 with targets at 5.3145 & 5.2960 in extension.

Alternative scenario
Above 5.3440 look for further upside with 5.3615 & 5.3880 as targets.

Comment
As Long as the resistance at 5.3440 is not surpassed, the risk of the break below 5.3145 remains high.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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