TRENDING:

XAU/USD

Silver

AUD/USD Intraday: Watch 0.6910

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Aim @ 1.0140.

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Pivot (invalidation): 1.0095

Our preference
Long positions above 1.0095 with targets at 1.0120 & 1.0140 in extension.

Alternative scenario
Below 1.0095 look for further downside with 1.0075 & 1.0060 as targets.

Comment
The RSI is bullish and calls for further upside.

USD/CAD

Capped by a negative trend line.

Pivot (invalidation): 1.3430

Our preference
Short positions below 1.3430 with targets at 1.3375 & 1.3360 in extension.

Alternative scenario
Above 1.3430 look for further upside with 1.3445 & 1.3470 as targets.

Comment
The RSI is mixed with a bearish bias.

AUD/USD

Watch 0.6910.

Pivot (invalidation): 0.6865

Our preference
Long positions above 0.6865 with targets at 0.6890 & 0.6910 in extension.

Alternative scenario
Below 0.6865 look for further downside with 0.6845 & 0.6830 as targets.

Comment
The RSI lacks downward momentum.

USD/TRY

Bullish bias above 6.0410.

Pivot (invalidation): 6.0410

Our preference
Long positions above 6.0410 with targets at 6.0740 & 6.0930 in extension.

Alternative scenario
Below 6.0410 look for further downside with 6.0190 & 6.0000 as targets.

Comment
A support base at 6.0410 has formed and has allowed for a temporary stabilisation.

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

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

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XRP rally extends as modest ETF inflows support recovery

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