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XAU/USD

Silver

USD/CAD Intraday: Caution

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Bullish bias above 0.9740.

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Pivot (invalidation): 0.9740

Our preference
Long positions above 0.9740 with targets at 0.9795 & 0.9825 in extension.

Alternative scenario
Below 0.9740 look for further downside with 0.9715 & 0.9685 as targets.

Comment
A support base at 0.9740 has formed and has allowed for a temporary stabilisation.

USD/CAD

Caution.

Pivot (invalidation): 1.4180

Our preference
Long positions above 1.4180 with targets at 1.4260 & 1.4300 in extension.

Alternative scenario
Below 1.4180 look for further downside with 1.4125 & 1.4090 as targets.

Comment
A support base at 1.4180 has formed and has allowed for a temporary stabilisation.

AUD/USD

Bullish bias above 0.5985.

Pivot (invalidation): 0.5985

Our preference
Long positions above 0.5985 with targets at 0.6050 & 0.6075 in extension.

Alternative scenario
Below 0.5985 look for further downside with 0.5960 & 0.5935 as targets.

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

USD/TRY

Watch 6.7800.

Pivot (invalidation): 6.7100

Our preference
Long positions above 6.7100 with targets at 6.7500 & 6.7800 in extension.

Alternative scenario
Below 6.7100 look for further downside with 6.6770 & 6.6350 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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