TRENDING:

XAU/USD

Silver

USD/CAD Intraday: Support around 1.3445

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

The downside prevails.

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Pivot (invalidation): 0.9940

Our preference
Short positions below 0.9940 with targets at 0.9895 & 0.9885 in extension.

Alternative scenario
Above 0.9940 look for further upside with 0.9955 & 0.9970 as targets.

Comment
The RSI is below its neutrality area at 50%

USD/CAD

Intraday support around 1.3445.

Pivot (invalidation): 1.3445

Our preference
Long positions above 1.3445 with targets at 1.3495 & 1.3525 in extension.

Alternative scenario
Below 1.3445 look for further downside with 1.3420 & 1.3395 as targets.

Comment
The RSI is mixed to bullish.

AUD/USD

Further advance.

Pivot (invalidation): 0.7175

Our preference
Long positions above 0.7175 with targets at 0.7215 & 0.7230 in extension.

Alternative scenario
Below 0.7175 look for further downside with 0.7160 & 0.7150 as targets.

Comment
The RSI is bullish and calls for further upside.

USD/TRY

Turning down.

Pivot (invalidation): 5.3560

Our preference
Short positions below 5.3560 with targets at 5.3210 & 5.3000 in extension.

Alternative scenario
Above 5.3560 look for further upside with 5.3780 & 5.3940 as targets.

Comment
The RSI lacks upward momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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