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XAU/USD

Silver

AUD/USD Intraday: turning up

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Bullish bias above 0.9795

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Pivot (invalidation): 0.9795

Our preference
Long positions above 0.9795 with targets at 0.9820 & 0.9845 in extension.

Alternative scenario
Below 0.9795 look for further downside with 0.9770 & 0.9755 as targets.

Comment
A support base at 0.9795 has formed and has allowed for a temporary stabilisation.

USD/CAD

Bullish bias above 1.3305

Pivot (invalidation): 1.3305

Our preference
Long positions above 1.3305 with targets at 1.3340 & 1.3370 in extension.

Alternative scenario
Below 1.3305 look for further downside with 1.3280 & 1.3255 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

AUD/USD

Turning up

Pivot (invalidation): 0.6765

Our preference
Long positions above 0.6765 with targets at 0.6795 & 0.6805 in extension.

Alternative scenario
Below 0.6765 look for further downside with 0.6750 & 0.6735 as targets.

Comment
The RSI calls for a rebound.

USD/TRY

Watch 5.6970.

Pivot (invalidation): 5.6240

Our preference
Long positions above 5.6240 with targets at 5.6690 & 5.6970 in extension.

Alternative scenario
Below 5.6240 look for further downside with 5.6000 & 5.5760 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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