TRENDING:

XAU/USD

Silver

USD/CAD Intraday: key resistance at 1.3275

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Aim @ 0.9870.

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Pivot (invalidation): 0.9940

Our preference
Short positions below 0.9940 with targets at 0.9890 & 0.9870 in extension.

Alternative scenario
Above 0.9940 look for further upside with 0.9960 & 0.9985 as targets.

Comment
The RSI is bearish and calls for further decline.

USD/CAD

Key resistance at 1.3275.

Pivot (invalidation): 1.3275

Our preference
Short positions below 1.3275 with targets at 1.3250 & 1.3235 in extension.

Alternative scenario
Above 1.3275 look for further upside with 1.3295 & 1.3310 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.3275.

AUD/USD

Key resistance at 0.6810.

Pivot (invalidation): 0.6810

Our preference
Short positions below 0.6810 with targets at 0.6775 & 0.6760 in extension.

Alternative scenario
Above 0.6810 look for further upside with 0.6830 & 0.6855 as targets.

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

USD/TRY

Continuation of the rebound.

Pivot (invalidation): 5.7040

Our preference
Long positions above 5.7040 with targets at 5.7270 & 5.7400 in extension.

Alternative scenario
Below 5.7040 look for further downside with 5.6920 & 5.6800 as targets.

Comment
The break above 5.7040 is a positive signal that has opened a path to 5.7270.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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