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XAU/USD

Silver

USD/CHF Intraday: key resistance at 0.9890

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Key resistance at 0.9890.

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Pivot (invalidation): 0.9890

Our preference
Short positions below 0.9890 with targets at 0.9860 & 0.9850 in extension.

Alternative scenario
Above 0.9890 look for further upside with 0.9910 & 0.9925 as targets.

Comment
The upward potential is likely to be limited by the resistance at 0.9890.

USD/CAD

Key resistance at 1.3245.

Pivot (invalidation): 1.3245

Our preference
Short positions below 1.3245 with targets at 1.3205 & 1.3175 in extension.

Alternative scenario
Above 1.3245 look for further upside with 1.3280 & 1.3300 as targets.

Comment
As Long as the resistance at 1.3245 is not surpassed, the risk of the break below 1.3205 remains high.

AUD/USD

Under pressure.

Pivot (invalidation): 0.6890

Our preference
Short positions below 0.6890 with targets at 0.6860 & 0.6845 in extension.

Alternative scenario
Above 0.6890 look for further upside with 0.6900 & 0.6910 as targets.

Comment
As Long as 0.6890 is resistance, look for choppy price action with a bearish bias.

USD/TRY

Continuation of the rebound.

Pivot (invalidation): 5.6950

Our preference
Long positions above 5.6950 with targets at 5.7620 & 5.7900 in extension.

Alternative scenario
Below 5.6950 look for further downside with 5.6740 & 5.6480 as targets.

Comment
The RSI is bullish and calls for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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