TRENDING:

XAU/USD

Silver

USD/CAD intraday: 1.3900 expected

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Under pressure.

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Pivot (invalidation): 0.9640

Our preference
Short positions below 0.9640 with targets at 0.9560 & 0.9530 in extension.

Alternative scenario
Above 0.9640 look for further upside with 0.9680 & 0.9715 as targets.

Comment
As Long as the resistance at 0.9640 is not surpassed, the risk of the break below 0.9560 remains high.

USD/CAD

1.3900 expected.

Pivot (invalidation): 1.4075

Our preference
Short positions below 1.4075 with targets at 1.3960 & 1.3900 in extension.

Alternative scenario
Above 1.4075 look for further upside with 1.4130 & 1.4185 as targets.

Comment
The RSI lacks upward momentum.

AUD/USD

Further upside.

Pivot (invalidation): 0.6030

Our preference
Long positions above 0.6030 with targets at 0.6170 & 0.6210 in extension.

Alternative scenario
Below 0.6030 look for further downside with 0.5975 & 0.5935 as targets.

Comment
The RSI advocates for further upside.

USD/TRY

Turning down.

Pivot (invalidation): 6.4190

Our preference
Short positions below 6.4190 with targets at 6.3720 & 6.3410 in extension.

Alternative scenario
Above 6.4190 look for further upside with 6.4470 & 6.4720 as targets.

Comment
As Long as 6.4190 is resistance, likely decline to 6.3720.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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