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XAU/USD

Silver

USD/CAD Intraday: Bullish bias above 1.3050

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Aim @ 1.0000.

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Pivot (invalidation): 0.9940

Our preference
Long positions above 0.9940 with targets at 0.9975 & 1.0000 in extension.

Alternative scenario
Below 0.9940 look for further downside with 0.9915 & 0.9900 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

USD/CAD

Bullish bias above 1.3050.

Pivot (invalidation): 1.3050

Our preference
Long positions above 1.3050 with targets at 1.3090 & 1.3115 in extension.

Alternative scenario
Below 1.3050 look for further downside with 1.3020 & 1.3000 as targets.

Comment
A support base at 1.3050 has formed and has allowed for a temporary stabilisation.

AUD/USD

Key resistance at 0.7115.

Pivot (invalidation): 0.7115

Our preference
Short positions below 0.7115 with targets at 0.7090 & 0.7075 in extension.

Alternative scenario
Above 0.7115 look for further upside with 0.7130 & 0.7150 as targets.

Comment
As Long as the resistance at 0.7115 is not surpassed, the risk of the break below 0.7090 remains high.

USD/TRY

Continuation of the rebound.

Pivot (invalidation): 5.5810

Our preference
Long positions above 5.5810 with targets at 5.6950 & 5.7700 in extension.

Alternative scenario
Below 5.5810 look for further downside with 5.5280 & 5.4940 as targets.

Comment
The break above 5.5810 is a positive signal that has opened a path to 5.6950.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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