TRENDING:

XAU/USD

Silver

USD/CAD Intraday: the bias remains bullish

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Rebound expected.

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Pivot (invalidation): 0.9690

Our preference
Long positions above 0.9690 with targets at 0.9715 & 0.9725 in extension.

Alternative scenario
Below 0.9690 look for further downside with 0.9680 & 0.9670 as targets.

Comment
The RSI calls for a new upleg.

USD/CAD

The bias remains bullish.

Pivot (invalidation): 1.3165

Our preference
Long positions above 1.3165 with targets at 1.3200 & 1.3220 in extension.

Alternative scenario
Below 1.3165 look for further downside with 1.3145 & 1.3120 as targets.

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

AUD/USD

Key resistance at 0.6775.

Pivot (invalidation): 0.6775

Our preference
Short positions below 0.6775 with targets at 0.6740 & 0.6725 in extension.

Alternative scenario
Above 0.6775 look for further upside with 0.6790 & 0.6805 as targets.

Comment
As Long as the resistance at 0.6775 is not surpassed, the risk of the break below 0.6740 remains high.

USD/TRY

Under pressure.

Pivot (invalidation): 5.9490

Our preference
Short positions below 5.9490 with targets at 5.9330 & 5.9230 in extension.

Alternative scenario
Above 5.9490 look for further upside with 5.9570 & 5.9680 as targets.

Comment
Technically the RSI is below its neutrality area at 50.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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