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XAU/USD

Silver

USD/CAD Intraday: key resistance at 1.3240

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Bullish bias above 0.9730

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Pivot (invalidation): 0.9730

Our preference
Long positions above 0.9730 with targets at 0.9765 & 0.9780 in extension.

Alternative scenario
Below 0.9730 look for further downside with 0.9700 & 0.9680 as targets.

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

USD/CAD

Key resistance at 1.3240

Pivot (invalidation): 1.3240

Our preference
Short positions below 1.3240 with targets at 1.3205 & 1.3180 in extension.

Alternative scenario
Above 1.3240 look for further upside with 1.3260 & 1.3290 as targets.

Comment
As Long as the resistance at 1.3240 is not surpassed, the risk of the break below 1.3205 remains high.

AUD/USD

The bias remains bullish

Pivot (invalidation): 0.6775

Our preference
Long positions above 0.6775 with targets at 0.6815 & 0.6830 in extension.

Alternative scenario
Below 0.6775 look for further downside with 0.6750 & 0.6725 as targets.

Comment
A support base at 0.6775 has formed and has allowed for a temporary stabilisation.

USD/TRY

Rebound

Pivot (invalidation): 5.5510

Our preference
Long positions above 5.5510 with targets at 5.5900 & 5.6160 in extension.

Alternative scenario
Below 5.5510 look for further downside with 5.5280 & 5.5130 as targets.

Comment
The RSI calls for a rebound.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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Bitcoin Cash trades lower, risks dead-cat bounce amid bearish signals

Bitcoin Cash (BCH) trades in the red below $522 at the time of writing on Tuesday, after multiple rejections at key resistance. BCH’s derivatives and on-chain indicators point to growing bearish sentiment and raise the risk of a dead-cat bounce toward lower support levels.