TRENDING:

XAU/USD

Silver

USD/CAD Intraday: Watch 1.3345

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

The upside prevails.

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Pivot (invalidation): 0.9990

Our preference
Long positions above 0.9990 with targets at 1.0025 & 1.0045 in extension.

Alternative scenario
Below 0.9990 look for further downside with 0.9975 & 0.9960 as targets.

Comment
The RSI is bullish and calls for further upside.

USD/CAD

Watch 1.3345.

Pivot (invalidation): 1.3395

Our preference
Short positions below 1.3395 with targets at 1.3360 & 1.3345 in extension.

Alternative scenario
Above 1.3395 look for further upside with 1.3415 & 1.3430 as targets.

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

AUD/USD

0.6905 expected.

Pivot (invalidation): 0.6860

Our preference
Long positions above 0.6860 with targets at 0.6885 & 0.6905 in extension.

Alternative scenario
Below 0.6860 look for further downside with 0.6845 & 0.6830 as targets.

Comment
The RSI advocates for further upside.

USD/TRY

Watch 5.7970.

Pivot (invalidation): 5.8510

Our preference
Short positions below 5.8510 with targets at 5.8150 & 5.7970 in extension.

Alternative scenario
Above 5.8510 look for further upside with 5.8760 & 5.9050 as targets.

Comment
A break below 5.8150 would trigger a drop towards 5.7970.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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