TRENDING:

XAU/USD

Silver

USD/CAD Intraday: the upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Rebound expected.

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Pivot (invalidation): 0.9905

Our preference
Long positions above 0.9905 with targets at 0.9935 & 0.9955 in extension.

Alternative scenario
Below 0.9905 look for further downside with 0.9885 & 0.9870 as targets.

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

USD/CAD

The upside prevails.

Pivot (invalidation): 1.3290

Our preference
Long positions above 1.3290 with targets at 1.3320 & 1.3335 in extension.

Alternative scenario
Below 1.3290 look for further downside with 1.3280 & 1.3270 as targets.

Comment
The RSI lacks downward momentum.

AUD/USD

Further upside.

Pivot (invalidation): 0.6815

Our preference
Long positions above 0.6815 with targets at 0.6855 & 0.6875 in extension.

Alternative scenario
Below 0.6815 look for further downside with 0.6795 & 0.6780 as targets.

Comment
The RSI calls for a new upleg.

USD/TRY

Under pressure.

Pivot (invalidation): 5.7500

Our preference
Short positions below 5.7500 with targets at 5.7300 & 5.7180 in extension.

Alternative scenario
Above 5.7500 look for further upside with 5.7640 & 5.7720 as targets.

Comment
As Long as the resistance at 5.7500 is not surpassed, the risk of the break below 5.7300 remains high.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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