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XAU/USD

Silver

USD/CAD Intraday: bullish bias above 1.3245

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

0.9820 in sight.

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Pivot (invalidation): 0.9785

Our preference
Long positions above 0.9785 with targets at 0.9805 & 0.9820 in extension.

Alternative scenario
Below 0.9785 look for further downside with 0.9770 & 0.9760 as targets.

Comment
The RSI advocates for further upside.

USD/CAD

Bullish bias above 1.3245.

Pivot (invalidation): 1.3245

Our preference
Long positions above 1.3245 with targets at 1.3275 & 1.3295 in extension.

Alternative scenario
Below 1.3245 look for further downside with 1.3230 & 1.3215 as targets.

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

AUD/USD

Key resistance at 0.6735.

Pivot (invalidation): 0.6735

Our preference
Short positions below 0.6735 with targets at 0.6705 & 0.6685 in extension.

Alternative scenario
Above 0.6735 look for further upside with 0.6750 & 0.6760 as targets.

Comment
The upward potential is likely to be limited by the resistance at 0.6735.

USD/TRY

Bullish bias above 6.0290.

Pivot (invalidation): 6.0290

Our preference
Long positions above 6.0290 with targets at 6.0500 & 6.0650 in extension.

Alternative scenario
Below 6.0290 look for further downside with 6.0200 & 6.0070 as targets.

Comment
A support base at 6.0290 has formed and has allowed for a temporary stabilisation.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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