TRENDING:

XAU/USD

Silver

USD/CAD Intraday: the downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Aim @ 0.9855.

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Pivot (invalidation): 0.9815

Our preference
Long positions above 0.9815 with targets at 0.9840 & 0.9855 in extension.

Alternative scenario
Below 0.9815 look for further downside with 0.9800 & 0.9790 as targets.

Comment
The RSI lacks downward momentum.

USD/CAD

The downside prevails.

Pivot (invalidation): 1.3255

Our preference
Short positions below 1.3255 with targets at 1.3235 & 1.3225 in extension.

Alternative scenario
Above 1.3255 look for further upside with 1.3270 & 1.3280 as targets.

Comment
The RSI calls for a new downleg.

AUD/USD

Further advance.

Pivot (invalidation): 0.6680

Our preference
Long positions above 0.6680 with targets at 0.6705 & 0.6720 in extension.

Alternative scenario
Below 0.6680 look for further downside with 0.6670 & 0.6660 as targets.

Comment
The RSI is bullish and calls for further advance.

USD/TRY

The upside prevails.

Pivot (invalidation): 6.0540

Our preference
Long positions above 6.0540 with targets at 6.0850 & 6.0950 in extension.

Alternative scenario
Below 6.0540 look for further downside with 6.0440 & 6.0310 as targets.

Comment
A support base at 6.0540 has formed and has allowed for a temporary stabilisation.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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