TRENDING:

XAU/USD

Silver

USD/CAD Intraday: continuation of the rebound

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Continuation of the rebound.

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Pivot (invalidation): 0.9635

Our preference
Long positions above 0.9635 with targets at 0.9665 & 0.9680 in extension.

Alternative scenario
Below 0.9635 look for further downside with 0.9615 & 0.9600 as targets.

Comment
The RSI lacks downward momentum.

USD/CAD

Continuation of the rebound.

Pivot (invalidation): 1.3035

Our preference
Long positions above 1.3035 with targets at 1.3065 & 1.3080 in extension.

Alternative scenario
Below 1.3035 look for further downside with 1.3020 & 1.3005 as targets.

Comment
The RSI calls for a rebound.

AUD/USD

Key resistance at 0.6905.

Pivot (invalidation): 0.6905

Our preference
Short positions below 0.6905 with targets at 0.6875 & 0.6865 in extension.

Alternative scenario
Above 0.6905 look for further upside with 0.6915 & 0.6930 as targets.

Comment
As Long as the resistance at 0.6905 is not surpassed, the risk of the break below 0.6875 remains high.

USD/TRY

Key resistance at 5.8650.

Pivot (invalidation): 5.8650

Our preference
Short positions below 5.8650 with targets at 5.8460 & 5.8380 in extension.

Alternative scenario
Above 5.8650 look for further upside with 5.8770 & 5.8880 as targets.

Comment
The upward potential is likely to be limited by the resistance at 5.8650.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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