TRENDING:

XAU/USD

Silver

USD/CAD intraday: Key resistance at 1.4290

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Under pressure.

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Pivot (invalidation): 0.9780

Our preference
Short positions below 0.9780 with targets at 0.9720 & 0.9700 in extension.

Alternative scenario
Above 0.9780 look for further upside with 0.9815 & 0.9845 as targets.

Comment
A break below 0.9720 would trigger a drop towards 0.9700.

USD/CAD

Key resistance at 1.4290.

Pivot (invalidation): 1.4290

Our preference
Short positions below 1.4290 with targets at 1.4180 & 1.4130 in extension.

Alternative scenario
Above 1.4290 look for further upside with 1.4345 & 1.4410 as targets.

Comment
As Long as the resistance at 1.4290 is not surpassed, the risk of the break below 1.4180 remains high.

AUD/USD

Caution.

Pivot (invalidation): 0.5935

Our preference
Short positions below 0.5935 with targets at 0.5860 & 0.5805 in extension.

Alternative scenario
Above 0.5935 look for further upside with 0.5975 & 0.6020 as targets.

Comment
The upward potential is likely to be limited by the resistance at 0.5935.

USD/TRY

Bullish bias above 6.4090.

Pivot (invalidation): 6.4090

Our preference
Long positions above 6.4090 with targets at 6.4760 & 6.5100 in extension.

Alternative scenario
Below 6.4090 look for further downside with 6.3720 & 6.3410 as targets.

Comment
A support base at 6.4090 has formed and has allowed for a temporary stabilisation.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD trims gains, hovers around 1.1900 post-US data

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GBP/USD comes under pressure near 1.3680

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XRP holds $1.40 amid ETF inflows and stable derivatives market

Ripple trades under pressure, with immediate support at $1.40 holding at the time of writing on Tuesday. A recovery attempt from last week’s sell-off to $1.12 stalled at $1.54 on Friday, leading to limited price action between the current support and the resistance.

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