TRENDING:

XAU/USD

Silver

USD/CAD Intraday: The downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Further upside.

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Pivot (invalidation): 1.0095

Our preference
Long positions above 1.0095 with targets at 1.0125 & 1.0145 in extension.

Alternative scenario
Below 1.0095 look for further downside with 1.0080 & 1.0070 as targets.

Comment
The RSI is bullish and calls for further upside.

USD/CAD

The downside prevails.

Pivot (invalidation): 1.3455

Our preference
Short positions below 1.3455 with targets at 1.3415 & 1.3395 in extension.

Alternative scenario
Above 1.3455 look for further upside with 1.3470 & 1.3490 as targets.

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

AUD/USD

Continuation of the rebound.

Pivot (invalidation): 0.6890

Our preference
Long positions above 0.6890 with targets at 0.6935 & 0.6950 in extension.

Alternative scenario
Below 0.6890 look for further downside with 0.6870 & 0.6850 as targets.

Comment
The RSI calls for a rebound.

USD/TRY

Target 6.0890.

Pivot (invalidation): 6.0390

Our preference
Long positions above 6.0390 with targets at 6.0660 & 6.0890 in extension.

Alternative scenario
Below 6.0390 look for further downside with 6.0180 & 6.0000 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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