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XAU/USD

Silver

USD/CHF intraday: Key resistance at 0.9470

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: Key resistance at 0.9470

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Pivot (invalidation): 0.9470

Our preference
Short positions below 0.9470 with targets at 0.9445 & 0.9435 in extension.

Alternative scenario
Above 0.9470 look for further upside with 0.9490 & 0.9505 as targets.

Comment
The upward potential is likely to be limited by the resistance at 0.9470.

USD/CAD: Watch 1.3640

Pivot (invalidation): 1.3570

Our preference
Long positions above 1.3570 with targets at 1.3615 & 1.3640 in extension.

Alternative scenario
Below 1.3570 look for further downside with 1.3545 & 1.3530 as targets.

Comment
The RSI calls for a new upleg.

AUD/USD: Key resistance at 0.6930

Pivot (invalidation): 0.6930

Our preference
Short positions below 0.6930 with targets at 0.6900 & 0.6880 in extension.

Alternative scenario
Above 0.6930 look for further upside with 0.6945 & 0.6960 as targets.

Comment
As Long as the resistance at 0.6930 is not surpassed, the risk of the break below 0.6900 remains high.

USD/TRY: Under pressure

Pivot (invalidation): 6.8550

Our preference
Short positions below 6.8550 with targets at 6.8350 & 6.8250 in extension.

Alternative scenario
Above 6.8550 look for further upside with 6.8620 & 6.8720 as targets.

Comment
A break below 6.8350 would trigger a drop towards 6.8250.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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