TRENDING:

XAU/USD

Silver

USD/CAD Intraday: Support around 1.3385.

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Under pressure.

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Pivot (invalidation): 0.9950

Our preference
Short positions below 0.9950 with targets at 0.9910 & 0.9880 in extension.

Alternative scenario
Above 0.9950 look for further upside with 0.9965 & 0.9985 as targets.

Comment
The RSI advocates for further decline.

USD/CAD

Intraday support around 1.3385.

Pivot (invalidation): 1.3385

Our preference
Long positions above 1.3385 with targets at 1.3420 & 1.3445 in extension.

Alternative scenario
Below 1.3385 look for further downside with 1.3370 & 1.3345 as targets.

Comment
The RSI lacks downward momentum.

AUD/USD

Bullish bias above 0.7180.

Pivot (invalidation): 0.7180

Our preference
Long positions above 0.7180 with targets at 0.7200 & 0.7215 in extension.

Alternative scenario
Below 0.7180 look for further downside with 0.7165 & 0.7150 as targets.

Comment
The RSI is above its neutrality area at 50%.

USD/TRY

The upside prevails.

Pivot (invalidation): 5.3610

Our preference
Long positions above 5.3610 with targets at 5.4050 & 5.4220 in extension.

Alternative scenario
Below 5.3610 look for further downside with 5.3450 & 5.3210 as targets.

Comment
The RSI calls for a new upleg.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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