TRENDING:

XAU/USD

Silver

USD/CAD intraday: The upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Turning up.

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Pivot (invalidation): 0.9500

Our preference
Long positions above 0.9500 with targets at 0.9560 & 0.9600 in extension.

Alternative scenario
Below 0.9500 look for further downside with 0.9470 & 0.9440 as targets.

Comment
The RSI calls for a new upleg.

USD/CAD

The upside prevails.

Pivot (invalidation): 1.4000

Our preference
Long positions above 1.4000 with targets at 1.4085 & 1.4155 in extension.

Alternative scenario
Below 1.4000 look for further downside with 1.3920 & 1.3850 as targets.

Comment
The break above 1.4000 is a positive signal that has opened a path to 1.4085.

AUD/USD

Under pressure.

Pivot (invalidation): 0.6200

Our preference
Short positions below 0.6200 with targets at 0.6110 & 0.6055 in extension.

Alternative scenario
Above 0.6200 look for further upside with 0.6250 & 0.6300 as targets.

Comment
The RSI shows downside momentum.

USD/TRY

Towards 6.5040.

Pivot (invalidation): 6.4450

Our preference
Long positions above 6.4450 with targets at 6.4840 & 6.5040 in extension.

Alternative scenario
Below 6.4450 look for further downside with 6.4290 & 6.4160 as targets.

Comment
The RSI is bullish and calls for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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