TRENDING:

XAU/USD

Silver

AUD/USD intraday: Turning up

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: The bias remains bullish

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Pivot (invalidation): 0.9140

Our preference
Long positions above 0.9140 with targets at 0.9170 & 0.9185 in extension.

Alternative scenario
Below 0.9140 look for further downside with 0.9125 & 0.9110 as targets.

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

USD/CAD: The downside prevails

Pivot (invalidation): 1.3360

Our preference
Short positions below 1.3360 with targets at 1.3310 & 1.3295 in extension.

Alternative scenario
Above 1.3360 look for further upside with 1.3380 & 1.3395 as targets.

Comment
As Long as the resistance at 1.3360 is not surpassed, the risk of the break below 1.3310 remains high.

AUD/USD: Turning up

Pivot (invalidation): 0.7145

Our preference
Long positions above 0.7145 with targets at 0.7185 & 0.7210 in extension.

Alternative scenario
Below 0.7145 look for further downside with 0.7125 & 0.7105 as targets.

Comment
The RSI is bullish and calls for further upside.

USD/TRY: The upside prevails

Pivot (invalidation): 7.2400

Our preference
Long positions above 7.2400 with targets at 7.3650 & 7.4360 in extension.

Alternative scenario
Below 7.2400 look for further downside with 7.1750 & 7.1120 as targets.

Comment
The RSI lacks downward momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD hits two-day highs near 1.1820

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GBP/USD reclaims 1.3600 and above

GBP/USD reverses two straight days of losses, surpassing the key 1.3600 yardstick on Friday. Cable’s rebound comes as the Greenback slips away from two-week highs in response to some profit-taking mood and speculation of Fed rate cuts. In addition, hawkish comments from the BoE’s Pill are also collaborating with the quid’s improvement.

Gold climbs further, focus is back to 45,000

Gold regains upside traction and surpasses the $4,900 mark per troy ounce at the end of the week, shifting its attention to the critical $5,000 region. The move reflects a shift in risk sentiment, driving flows back towards traditional safe haven assets and supporting the yellow metal.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Bitcoin edges up above $65,000 at the time of writing on Friday, as dust from the recent macro-triggered sell-off settles. The leading altcoin, Ethereum, hovers above $1,900, but resistance at $2,000 caps the upside. Meanwhile, Ripple has recorded the largest intraday jump among the three assets, up over 10% to $1.35.

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XRP rally extends as modest ETF inflows support recovery

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