TRENDING:

XAU/USD

Silver

USD/CAD Intraday: The upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

The bias remains bullish.

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Pivot (invalidation): 1.0085

Our preference
Long positions above 1.0085 with targets at 1.0120 & 1.0135 in extension.

Alternative scenario
Below 1.0085 look for further downside with 1.0065 & 1.0050 as targets.

Comment
The break above 1.0085 is a positive signal that has opened a path to 1.0120.

USD/CAD

The upside prevails.

Pivot (invalidation): 1.3330

Our preference
Long positions above 1.3330 with targets at 1.3370 & 1.3395 in extension.

Alternative scenario
Below 1.3330 look for further downside with 1.3310 & 1.3290 as targets.

Comment
The RSI advocates for further upside.

AUD/USD

Caution.

Pivot (invalidation): 0.7185

Our preference
Short positions below 0.7185 with targets at 0.7160 & 0.7140 in extension.

Alternative scenario
Above 0.7185 look for further upside with 0.7205 & 0.7220 as targets.

Comment
The upward potential is likely to be limited by the resistance at 0.7185.

USD/TRY

Rebound expected.

Pivot (invalidation): 5.7420

Our preference
Long positions above 5.7420 with targets at 5.7730 & 5.7950 in extension.

Alternative scenario
Below 5.7420 look for further downside with 5.7100 & 5.6750 as targets.

Comment
The RSI is bullish and calls for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD hits two-day highs near 1.1820

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GBP/USD reclaims 1.3600 and above

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Gold climbs further, focus is back to 45,000

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