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XAU/USD

Silver

USD/CAD intraday: Key resistance at 1.3185

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: Under pressure

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Pivot (invalidation): 0.9105

Our preference
Short positions below 0.9105 with targets at 0.9065 & 0.9050 in extension.

Alternative scenario
Above 0.9105 look for further upside with 0.9120 & 0.9140 as targets.

Comment
As Long as the resistance at 0.9105 is not surpassed, the risk of the break below 0.9065 remains high.

USD/CAD: Key resistance at 1.3185

Pivot (invalidation): 1.3185

Our preference
Short positions below 1.3185 with targets at 1.3135 & 1.3115 in extension.

Alternative scenario
Above 1.3185 look for further upside with 1.3220 & 1.3245 as targets.

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

AUD/USD: Further advance

Pivot (invalidation): 0.7295

Our preference
Long positions above 0.7295 with targets at 0.7340 & 0.7360 in extension.

Alternative scenario
Below 0.7295 look for further downside with 0.7275 & 0.7250 as targets.

Comment
The RSI advocates for further advance.

USD/TRY: Bullish bias above 7.5300

Pivot (invalidation): 7.5300

Our preference
Long positions above 7.5300 with targets at 7.5600 & 7.5750 in extension.

Alternative scenario
Below 7.5300 look for further downside with 7.5120 & 7.4950 as targets.

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

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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