TRENDING:

GBP/USD

XAU/USD

AUD/USD intraday: Turning down

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: Rebound expected

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Pivot (invalidation): 0.9020

Our preference
Long positions above 0.9020 with targets at 0.9040 & 0.9060 in extension.

Alternative scenario
Below 0.9020 look for further downside with 0.9005 & 0.8990 as targets.

Comment
The RSI calls for a rebound.

USD/CAD: 1.3125 expected

Pivot (invalidation): 1.3185

Our preference
Short positions below 1.3185 with targets at 1.3145 & 1.3125 in extension.

Alternative scenario
Above 1.3185 look for further upside with 1.3205 & 1.3230 as targets.

Comment
A break below 1.3145 would trigger a drop towards 1.3125.

AUD/USD: Turning down

Pivot (invalidation): 0.7260

Our preference
Short positions below 0.7260 with targets at 0.7225 & 0.7205 in extension.

Alternative scenario
Above 0.7260 look for further upside with 0.7275 & 0.7295 as targets.

Comment
The RSI calls for a new downleg.

USD/TRY: Under pressure

Pivot (invalidation): 7.3960

Our preference
Short positions below 7.3960 with targets at 7.3490 & 7.3300 in extension.

Alternative scenario
Above 7.3960 look for further upside with 7.4130 & 7.4300 as targets.

Comment
As Long as the resistance at 7.3960 is not surpassed, the risk of the break below 7.3490 remains high.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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