TRENDING:

XAU/USD

Silver

USD/CAD Intraday: bullish bias above 1.3300

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Towards 0.9830

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Pivot (invalidation): 0.9755

Our preference
Long positions above 0.9755 with targets at 0.9810 & 0.9830 in extension.

Alternative scenario
Below 0.9755 look for further downside with 0.9735 & 0.9720 as targets.

Comment
The RSI calls for a new upleg.

USD/CAD

Bullish bias above 1.3300

Pivot (invalidation): 1.3300

Our preference
Long positions above 1.3300 with targets at 1.3335 & 1.3355 in extension.

Alternative scenario
Below 1.3300 look for further downside with 1.3280 & 1.3265 as targets.

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

AUD/USD

Turning up

Pivot (invalidation): 0.6770

Our preference
Long positions above 0.6770 with targets at 0.6800 & 0.6815 in extension.

Alternative scenario
Below 0.6770 look for further downside with 0.6760 & 0.6750 as targets.

Comment
The RSI calls for a rebound.

USD/TRY

5.5350 expected

Pivot (invalidation): 5.5790

Our preference
Short positions below 5.5790 with targets at 5.5530 & 5.5350 in extension.

Alternative scenario
Above 5.5790 look for further upside with 5.5990 & 5.6280 as targets.

Comment
A break below 5.5530 would trigger a drop towards 5.5350.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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