TRENDING:

XAU/USD

Silver

USD/CAD Intraday: target 1.3270

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Under pressure.

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Pivot (invalidation): 0.9890

Our preference
Short positions below 0.9890 with targets at 0.9850 & 0.9830 in extension.

Alternative scenario
Above 0.9890 look for further upside with 0.9905 & 0.9925 as targets.

Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

USD/CAD

Target 1.3270.

Pivot (invalidation): 1.3300

Our preference
Short positions below 1.3300 with targets at 1.3280 & 1.3270 in extension.

Alternative scenario
Above 1.3300 look for further upside with 1.3310 & 1.3320 as targets.

Comment
A break below 1.3280 would trigger a drop towards 1.3270.

AUD/USD

The downside prevails.

Pivot (invalidation): 0.6845

Our preference
Short positions below 0.6845 with targets at 0.6810 & 0.6790 in extension.

Alternative scenario
Above 0.6845 look for further upside with 0.6860 & 0.6875 as targets.

Comment
The immediate trend remains down and the momentum is strong.

USD/TRY

5.7270 expected.

Pivot (invalidation): 5.7510

Our preference
Short positions below 5.7510 with targets at 5.7360 & 5.7270 in extension.

Alternative scenario
Above 5.7510 look for further upside with 5.7640 & 5.7720 as targets.

Comment
A break below 5.7360 would trigger a drop towards 5.7270.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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