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XAU/USD

Silver

USD/CAD Intraday: Turning up

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Turning down.

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Pivot (invalidation): 0.9910

Our preference
Short positions below 0.9910 with targets at 0.9880 & 0.9860 in extension.

Alternative scenario
Above 0.9910 look for further upside with 0.9925 & 0.9945 as targets.

Comment
As Long as the resistance at 0.9910 is not surpassed, the risk of the break below 0.9880 remains high.

USD/CAD

Turning up.

Pivot (invalidation): 1.3245

Our preference
Long positions above 1.3245 with targets at 1.3270 & 1.3280 in extension.

Alternative scenario
Below 1.3245 look for further downside with 1.3230 & 1.3215 as targets.

Comment
The RSI is bullish and calls for further upside.

AUD/USD

Aim @ 0.6765.

Pivot (invalidation): 0.6820

Our preference
Short positions below 0.6820 with targets at 0.6785 & 0.6765 in extension.

Alternative scenario
Above 0.6820 look for further upside with 0.6840 & 0.6855 as targets.

Comment
The RSI has broken down its 30 level.

USD/TRY

Bullish bias above 5.7550.

Pivot (invalidation): 5.7550

Our preference
Long positions above 5.7550 with targets at 5.7780 & 5.7870 in extension.

Alternative scenario
Below 5.7550 look for further downside with 5.7440 & 5.7290 as targets.

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

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD hits two-day highs near 1.1820

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