TRENDING:

XAU/USD

Silver

USD/CAD Intraday: the bias remains bullish

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Caution.

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Pivot (invalidation): 0.9960

Our preference
Long positions above 0.9960 with targets at 0.9985 & 1.0000 in extension.

Alternative scenario
Below 0.9960 look for further downside with 0.9940 & 0.9925 as targets.

Comment
A support base at 0.9960 has formed and has allowed for a temporary stabilisation.

USD/CAD

The bias remains bullish.

Pivot (invalidation): 1.3270

Our preference
Long positions above 1.3270 with targets at 1.3310 & 1.3340 in extension.

Alternative scenario
Below 1.3270 look for further downside with 1.3250 & 1.3230 as targets.

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

AUD/USD

0.6735 expected.

Pivot (invalidation): 0.6820

Our preference
Short positions below 0.6820 with targets at 0.6760 & 0.6735 in extension.

Alternative scenario
Above 0.6820 look for further upside with 0.6840 & 0.6855 as targets.

Comment
The RSI has broken down its 30 level.

USD/TRY

Key resistance at 5.6950.

Pivot (invalidation): 5.6950

Our preference
Short positions below 5.6950 with targets at 5.6640 & 5.6500 in extension.

Alternative scenario
Above 5.6950 look for further upside with 5.7110 & 5.7270 as targets.

Comment
The index currently faces a challenging resistance area at 5.6950.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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