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XAU/USD

Silver

USD/CHF intraday: 0.9435 expected

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: 0.9435 expected

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Pivot (invalidation): 0.9495

Our preference
Short positions below 0.9495 with targets at 0.9460 & 0.9435 in extension.

Alternative scenario
Above 0.9495 look for further upside with 0.9510 & 0.9525 as targets.

Comment
A break below 0.9460 would trigger a drop towards 0.9435.

USD/CAD: Key resistance at 1.3550

Pivot (invalidation): 1.3550

Our preference
Short positions below 1.3550 with targets at 1.3495 & 1.3480 in extension.

Alternative scenario
Above 1.3550 look for further upside with 1.3570 & 1.3590 as targets.

Comment
As Long as the resistance at 1.3550 is not surpassed, the risk of the break below 1.3495 remains high.

AUD/USD: Rebound

Pivot (invalidation): 0.6900

Our preference
Long positions above 0.6900 with targets at 0.6935 & 0.6960 in extension.

Alternative scenario
Below 0.6900 look for further downside with 0.6855 & 0.6835 as targets.

Comment
The break above 0.6900 is a positive signal that has opened a path to 0.6935.

USD/TRY: Bullish bias above 6.8350

Pivot (invalidation): 6.8350

Our preference
Long positions above 6.8350 with targets at 6.8580 & 6.8720 in extension.

Alternative scenario
Below 6.8350 look for further downside with 6.8250 & 6.8140 as targets.

Comment
A support base at 6.8350 has formed and has allowed for a temporary stabilisation.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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