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XAU/USD

Silver

USD/CAD Intraday: The upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

The downside prevails.

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Pivot (invalidation): 1.0070

Our preference
Short positions below 1.0070 with targets at 1.0035 & 1.0020 in extension.

Alternative scenario
Above 1.0070 look for further upside with 1.0095 & 1.0110 as targets.

Comment
The RSI calls for a drop.

USD/CAD

The upside prevails.

Pivot (invalidation): 1.3270

Our preference
Long positions above 1.3270 with targets at 1.3340 & 1.3370 in extension.

Alternative scenario
Below 1.3270 look for further downside with 1.3255 & 1.3230 as targets.

Comment
The RSI calls for a new upleg.

AUD/USD

The downside prevails.

Pivot (invalidation): 0.7110

Our preference
Short positions below 0.7110 with targets at 0.7070 & 0.7050 in extension.

Alternative scenario
Above 0.7110 look for further upside with 0.7135 & 0.7150 as targets.

Comment
The RSI calls for a drop.

USD/TRY

Bullish bias above 5.2620.

Pivot (invalidation): 5.2620

Our preference
Long positions above 5.2620 with targets at 5.2960 & 5.3220 in extension.

Alternative scenario
Below 5.2620 look for further downside with 5.2420 & 5.2300 as targets.

Comment
The RSI lacks downward momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD hits two-day highs near 1.1820

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