TRENDING:

XAU/USD

Silver

USD/CAD Intraday: The downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Watch 0.9890.

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Pivot (invalidation): 0.9940

Our preference
Short positions below 0.9940 with targets at 0.9905 & 0.9890 in extension.

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

Comment
A break below 0.9905 would trigger a drop towards 0.9890.

USD/CAD

The downside prevails.

Pivot (invalidation): 1.3400

Our preference
Short positions below 1.3400 with targets at 1.3365 & 1.3350 in extension.

Alternative scenario
Above 1.3400 look for further upside with 1.3420 & 1.3445 as targets.

Comment
The RSI calls for a drop.

AUD/USD

Rebound.

Pivot (invalidation): 0.7215

Our preference
Long positions above 0.7215 with targets at 0.7255 & 0.7275 in extension.

Alternative scenario
Below 0.7215 look for further downside with 0.7190 & 0.7160 as targets.

Comment
The RSI calls for a bounce.

USD/TRY

Under pressure.

Pivot (invalidation): 5.3660

Our preference
Short positions below 5.3660 with targets at 5.3050 & 5.2700 in extension.

Alternative scenario
Above 5.3660 look for further upside with 5.4000 & 5.4570 as targets.

Comment
As Long as the resistance at 5.3660 is not surpassed, the risk of the break below 5.3050 remains high.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD hits two-day highs near 1.1820

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