TRENDING:

GBP/USD

XAU/USD

USD/CAD intraday: The downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: Turning up

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Pivot (invalidation): 0.9100

Our preference
Long positions above 0.9100 with targets at 0.9135 & 0.9160 in extension.

Alternative scenario
Below 0.9100 look for further downside with 0.9080 & 0.9060 as targets.

Comment
The RSI calls for a new upleg.

USD/CAD: The downside prevails

Pivot (invalidation): 1.3195

Our preference
Short positions below 1.3195 with targets at 1.3155 & 1.3135 in extension.

Alternative scenario
Above 1.3195 look for further upside with 1.3215 & 1.3235 as targets.

Comment
The RSI lacks upward momentum.

AUD/USD: Bullish bias above 0.7150

Pivot (invalidation): 0.7150

Our preference
Long positions above 0.7150 with targets at 0.7180 & 0.7195 in extension.

Alternative scenario
Below 0.7150 look for further downside with 0.7135 & 0.7120 as targets.

Comment
A support base at 0.7150 has formed and has allowed for a temporary stabilisation.

USD/TRY: Key resistance at 7.3490

Pivot (invalidation): 7.3490

Our preference
Short positions below 7.3490 with targets at 7.2730 & 7.2420 in extension.

Alternative scenario
Above 7.3490 look for further upside with 7.3800 & 7.4000 as targets.

Comment
The upward potential is likely to be limited by the resistance at 7.3490.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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