TRENDING:

XAU/USD

Silver

USD/CAD intraday: Turning down

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: The bias remains bullish

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Pivot (invalidation): 0.9265

Our preference
Long positions above 0.9265 with targets at 0.9300 & 0.9325 in extension.

Alternative scenario
Below 0.9265 look for further downside with 0.9245 & 0.9225 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

USD/CAD: Turning down

Pivot (invalidation): 1.3400

Our preference
Short positions below 1.3400 with targets at 1.3370 & 1.3350 in extension.

Alternative scenario
Above 1.3400 look for further upside with 1.3415 & 1.3430 as targets.

Comment
The RSI is bearish and calls for further downside.

AUD/USD: Continuation of the rebound

Pivot (invalidation): 0.7025

Our preference
Long positions above 0.7025 with targets at 0.7085 & 0.7110 in extension.

Alternative scenario
Below 0.7025 look for further downside with 0.7000 & 0.6980 as targets.

Comment
The break above 0.7025 is a positive signal that has opened a path to 0.7085.

USD/TRY: Caution

Pivot (invalidation): 7.6400

Our preference
Long positions above 7.6400 with targets at 7.7150 & 7.7550 in extension.

Alternative scenario
Below 7.6400 look for further downside with 7.6100 & 7.5850 as targets.

Comment
Intraday technical indicators are mixed and call for caution.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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