TRENDING:

XAU/USD

Silver

USD/CAD Intraday: Bullish bias above 1.3100

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Further advance.

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Pivot (invalidation): 1.0000

Our preference
Long positions above 1.0000 with targets at 1.0045 & 1.0070 in extension.

Alternative scenario
Below 1.0000 look for further downside with 0.9985 & 0.9965 as targets.

Comment
The RSI is bullish and calls for further advance.

USD/CAD

Bullish bias above 1.3100.

Pivot (invalidation): 1.3100

Our preference
Long positions above 1.3100 with targets at 1.3135 & 1.3155 in extension.

Alternative scenario
Below 1.3100 look for further downside with 1.3080 & 1.3060 as targets.

Comment
The RSI calls for a bounce.

AUD/USD

The upside prevails.

Pivot (invalidation): 0.7260

Our preference
Long positions above 0.7260 with targets at 0.7300 & 0.7325 in extension.

Alternative scenario
Below 0.7260 look for further downside with 0.7235 & 0.7210 as targets.

Comment
The RSI has just broken above a declining trend line.

USD/TRY

Rebound expected.

Pivot (invalidation): 5.3460

Our preference
Long positions above 5.3460 with targets at 5.4120 & 5.4470 in extension.

Alternative scenario
Below 5.3460 look for further downside with 5.3230 & 5.2970 as targets.

Comment
The RSI calls for a rebound.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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