TRENDING:

XAU/USD

Silver

USD/CAD intraday: Key resistance at 1.3095

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: Watch 0.9080

Stay on top of the markets with Swissquote’s News & Analysis

Pivot (invalidation): 0.9115

Our preference
Short positions below 0.9115 with targets at 0.9090 & 0.9080 in extension.

Alternative scenario
Above 0.9115 look for further upside with 0.9125 & 0.9140 as targets.

Comment
A break below 0.9090 would trigger a drop towards 0.9080.

USD/CAD: Key resistance at 1.3095

Pivot (invalidation): 1.3095

Our preference
Short positions below 1.3095 with targets at 1.3060 & 1.3035 in extension.

Alternative scenario
Above 1.3095 look for further upside with 1.3120 & 1.3140 as targets.

Comment
As Long as the resistance at 1.3095 is not surpassed, the risk of the break below 1.3060 remains high.

AUD/USD: The upside prevails

Pivot (invalidation): 0.7295

Our preference
Long positions above 0.7295 with targets at 0.7330 & 0.7355 in extension.

Alternative scenario
Below 0.7295 look for further downside with 0.7280 & 0.7265 as targets.

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

USD/TRY: Continuation of the rebound

Pivot (invalidation): 7.5960

Our preference
Long positions above 7.5960 with targets at 7.6810 & 7.7220 in extension.

Alternative scenario
Below 7.5960 look for further downside with 7.5460 & 7.5110 as targets.

Comment
The RSI lacks downward momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold clings to gains just above $5,000/oz

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.