TRENDING:

XAU/USD

Silver

USD/CAD Intraday: Supported by a rising trend line

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Bullish bias above 1.0020.

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Pivot (invalidation): 1.0020

Our preference
Long positions above 1.0020 with targets at 1.0055 & 1.0070 in extension.

Alternative scenario
Below 1.0020 look for further downside with 1.0000 & 0.9985 as targets.

Comment
The RSI calls for a bounce.

USD/CAD

Supported by a rising trend line.

Pivot (invalidation): 1.3275

Our preference
Long positions above 1.3275 with targets at 1.3330 & 1.3355 in extension.

Alternative scenario
Below 1.3275 look for further downside with 1.3255 & 1.3230 as targets.

Comment
The RSI lacks downward momentum.

AUD/USD

Key resistance at 0.7090.

Pivot (invalidation): 0.7090

Our preference
Short positions below 0.7090 with targets at 0.7050 & 0.7035 in extension.

Alternative scenario
Above 0.7090 look for further upside with 0.7105 & 0.7120 as targets.

Comment
A break below 0.7050 would trigger a drop towards 0.7035.

USD/TRY

Bullish bias above 5.2550.

Pivot (invalidation): 5.2550

Our preference
Long positions above 5.2550 with targets at 5.2960 & 5.3220 in extension.

Alternative scenario
Below 5.2550 look for further downside with 5.2390 & 5.2140 as targets.

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

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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