TRENDING:

XAU/USD

Silver

USD/CAD Intrady: turning up

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Turning down.

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Pivot (invalidation): 1.0010

Our preference
Short positions below 1.0010 with targets at 0.9985 & 0.9975 in extension.

Alternative scenario
Above 1.0010 look for further upside with 1.0020 & 1.0030 as targets.

Comment
The RSI shows downside momentum.

USD/CAD

Turning up.

Pivot (invalidation): 1.3270

Our preference
Long positions above 1.3270 with targets at 1.3300 & 1.3315 in extension.

Alternative scenario
Below 1.3270 look for further downside with 1.3260 & 1.3250 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

AUD/USD

Turning up.

Pivot (invalidation): 0.6760

Our preference
Long positions above 0.6760 with targets at 0.6785 & 0.6795 in extension.

Alternative scenario
Below 0.6760 look for further downside with 0.6750 & 0.6735 as targets.

Comment
The RSI calls for a new upleg.

USD/TRY

Turning up.

Pivot (invalidation): 5.7410

Our preference
Long positions above 5.7410 with targets at 5.7550 & 5.7640 in extension.

Alternative scenario
Below 5.7410 look for further downside with 5.7300 & 5.7180 as targets.

Comment
The RSI shows upside momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD hits two-day highs near 1.1820

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GBP/USD reclaims 1.3600 and above

GBP/USD reverses two straight days of losses, surpassing the key 1.3600 yardstick on Friday. Cable’s rebound comes as the Greenback slips away from two-week highs in response to some profit-taking mood and speculation of Fed rate cuts. In addition, hawkish comments from the BoE’s Pill are also collaborating with the quid’s improvement.

Gold climbs further, focus is back to 45,000

Gold regains upside traction and surpasses the $4,900 mark per troy ounce at the end of the week, shifting its attention to the critical $5,000 region. The move reflects a shift in risk sentiment, driving flows back towards traditional safe haven assets and supporting the yellow metal.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Bitcoin edges up above $65,000 at the time of writing on Friday, as dust from the recent macro-triggered sell-off settles. The leading altcoin, Ethereum, hovers above $1,900, but resistance at $2,000 caps the upside. Meanwhile, Ripple has recorded the largest intraday jump among the three assets, up over 10% to $1.35.

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XRP rally extends as modest ETF inflows support recovery

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.