TRENDING:

XAU/USD

Silver

USD/CAD Intraday: rebound expected

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Key resistance at 0.9815.

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Pivot (invalidation): 0.9815

Our preference
Short positions below 0.9815 with targets at 0.9790 & 0.9775 in extension.

Alternative scenario
Above 0.9815 look for further upside with 0.9830 & 0.9845 as targets.

Comment
As Long as the resistance at 0.9815 is not surpassed, the risk of the break below 0.9790 remains high.

USD/CAD

Rebound expected.

Pivot (invalidation): 1.3145

Our preference
Long positions above 1.3145 with targets at 1.3185 & 1.3200 in extension.

Alternative scenario
Below 1.3145 look for further downside with 1.3125 & 1.3110 as targets.

Comment
The RSI calls for a rebound.

AUD/USD

Watch 0.6820.

Pivot (invalidation): 0.6860

Our preference
Short positions below 0.6860 with targets at 0.6835 & 0.6820 in extension.

Alternative scenario
Above 0.6860 look for further upside with 0.6880 & 0.6895 as targets.

Comment
A break below 0.6835 would trigger a drop towards 0.6820.

USD/TRY

Further upside.

Pivot (invalidation): 5.8660

Our preference
Long positions above 5.8660 with targets at 5.9000 & 5.9120 in extension.

Alternative scenario
Below 5.8660 look for further downside with 5.8450 & 5.8250 as targets.

Comment
The break above 5.8660 is a positive signal that has opened a path to 5.9000.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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