TRENDING:

XAU/USD

Silver

USD/CAD Intraday: the upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Supported by a rising trend line.

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Pivot (invalidation): 0.9830

Our preference
Long positions above 0.9830 with targets at 0.9855 & 0.9875 in extension.

Alternative scenario
Below 0.9830 look for further downside with 0.9815 & 0.9800 as targets.

Comment
The RSI is bullish and calls for further upside.

USD/CAD

The upside prevails.

Pivot (invalidation): 1.3290

Our preference
Long positions above 1.3290 with targets at 1.3335 & 1.3345 in extension.

Alternative scenario
Below 1.3290 look for further downside with 1.3270 & 1.3250 as targets.

Comment
The RSI is bullish and calls for further upside.

AUD/USD

Under pressure.

Pivot (invalidation): 0.6770

Our preference
Short positions below 0.6770 with targets at 0.6750 & 0.6735 in extension.

Alternative scenario
Above 0.6770 look for further upside with 0.6785 & 0.6800 as targets.

Comment
As Long as the resistance at 0.6770 is not surpassed, the risk of the break below 0.6750 remains high.

USD/TRY

The upside prevails.

Pivot (invalidation): 5.7440

Our preference
Long positions above 5.7440 with targets at 5.7900 & 5.8300 in extension.

Alternative scenario
Below 5.7440 look for further downside with 5.7220 & 5.7010 as targets.

Comment
The RSI is mixed with a bullish bias.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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