TRENDING:

XAU/USD

Silver

USD/CAD Intraday: Capped by a negative trend line

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Towards 0.9815.

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Pivot (invalidation): 0.9880

Our preference
Short positions below 0.9880 with targets at 0.9835 & 0.9815 in extension.

Alternative scenario
Above 0.9880 look for further upside with 0.9905 & 0.9925 as targets.

Comment
The RSI is bearish and calls for further downside.

USD/CAD

Capped by a negative trend line.

Pivot (invalidation): 1.3060

Our preference
Short positions below 1.3060 with targets at 1.3035 & 1.3015 in extension.

Alternative scenario
Above 1.3060 look for further upside with 1.3075 & 1.3090 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.3060.

AUD/USD

Turning up.

Pivot (invalidation): 0.7005

Our preference
Long positions above 0.7005 with targets at 0.7040 & 0.7060 in extension.

Alternative scenario
Below 0.7005 look for further downside with 0.6995 & 0.6980 as targets.

Comment
The RSI calls for a rebound.

USD/TRY

Aim @ 5.6570.

Pivot (invalidation): 5.6980

Our preference
Short positions below 5.6980 with targets at 5.6690 & 5.6570 in extension.

Alternative scenario
Above 5.6980 look for further upside with 5.7170 & 5.7330 as targets.

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

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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