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XAU/USD

Silver

USD/CHF intraday: Further upside

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: Further upside

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Pivot (invalidation): 0.9690

Our preference
Long positions above 0.9690 with targets at 0.9725 & 0.9740 in extension.

Alternative scenario
Below 0.9690 look for further downside with 0.9670 & 0.9645 as targets.

Comment
The RSI is bullish and calls for further upside.

USD/CAD: Further advance

Pivot (invalidation): 1.3935

Our preference
Long positions above 1.3935 with targets at 1.4020 & 1.4045 in extension.

Alternative scenario
Below 1.3935 look for further downside with 1.3890 & 1.3865 as targets.

Comment
The RSI is bullish and calls for further advance.

AUD/USD: Under pressure

Pivot (invalidation): 0.6575

Our preference
Short positions below 0.6575 with targets at 0.6525 & 0.6505 in extension.

Alternative scenario
Above 0.6575 look for further upside with 0.6595 & 0.6615 as targets.

Comment
The RSI shows downside momentum.

USD/TRY: Bullish bias above 6.7760

Pivot (invalidation): 6.7760

Our preference
Long positions above 6.7760 with targets at 6.8100 & 6.8260 in extension.

Alternative scenario
Below 6.7760 look for further downside with 6.7610 & 6.7470 as targets.

Comment
A support base at 6.7760 has formed and has allowed for a temporary stabilisation.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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