TRENDING:

XAU/USD

Silver

USD/CAD Intraday: Under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Turning up.

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Pivot (invalidation): 0.9750

Our preference
Long positions above 0.9750 with targets at 0.9790 & 0.9805 in extension.

Alternative scenario
Below 0.9750 look for further downside with 0.9730 & 0.9720 as targets.

Comment
The RSI is bullish and calls for further advance.

USD/CAD

Under pressure.

Pivot (invalidation): 1.3295

Our preference
Short positions below 1.3295 with targets at 1.3265 & 1.3250 in extension.

Alternative scenario
Above 1.3295 look for further upside with 1.3305 & 1.3315 as targets.

Comment
The RSI lacks upward momentum.

AUD/USD

Key resistance at 0.6620.

Pivot (invalidation): 0.6620

Our preference
Short positions below 0.6620 with targets at 0.6580 & 0.6560 in extension.

Alternative scenario
Above 0.6620 look for further upside with 0.6640 & 0.6655 as targets.

Comment
As Long as the resistance at 0.6620 is not surpassed, the risk of the break below 0.6580 remains high.

USD/TRY

The upside prevails.

Pivot (invalidation): 6.1350

Our preference
Long positions above 6.1350 with targets at 6.1580 & 6.1700 in extension.

Alternative scenario
Below 6.1350 look for further downside with 6.1230 & 6.1120 as targets.

Comment
A support base at 6.1350 has formed and has allowed for a temporary stabilisation.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD hits two-day highs near 1.1820

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