TRENDING:

XAU/USD

Silver

USD/CAD intraday: Watch 1.3300

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: The downside prevails

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Pivot (invalidation): 0.9155

Our preference
Short positions below 0.9155 with targets at 0.9095 & 0.9070 in extension.

Alternative scenario
Above 0.9155 look for further upside with 0.9185 & 0.9225 as targets.

Comment
As Long as 0.9155 is resistance, look for choppy price action with a bearish bias.

USD/CAD: Watch 1.3300

Pivot (invalidation): 1.3360

Our preference
Short positions below 1.3360 with targets at 1.3320 & 1.3300 in extension.

Alternative scenario
Above 1.3360 look for further upside with 1.3375 & 1.3400 as targets.

Comment
As Long as the resistance at 1.3360 is not surpassed, the risk of the break below 1.3320 remains high.

AUD/USD: Bullish bias above 0.7160

Pivot (invalidation): 0.7160

Our preference
Long positions above 0.7160 with targets at 0.7195 & 0.7220 in extension.

Alternative scenario
Below 0.7160 look for further downside with 0.7145 & 0.7125 as targets.

Comment
A support base at 0.7160 has formed and has allowed for a temporary stabilisation.

USD/TRY: Turning down

Pivot (invalidation): 7.0000

Our preference
Short positions below 7.0000 with targets at 6.9480 & 6.9170 in extension.

Alternative scenario
Above 7.0000 look for further upside with 7.0250 & 7.0500 as targets.

Comment
The RSI is bearish and calls for further downside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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GBP/USD holds medium-term bullish bias above 1.3600

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