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XAU/USD

Silver

USD/CHF Intraday: rebound

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Rebound.

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Pivot (invalidation): 0.9865

Our preference
Long positions above 0.9865 with targets at 0.9910 & 0.9925 in extension.

Alternative scenario
Below 0.9865 look for further downside with 0.9850 & 0.9835 as targets.

Comment
The RSI shows upside momentum.

USD/CAD

Under pressure.

Pivot (invalidation): 1.3210

Our preference
Short positions below 1.3210 with targets at 1.3160 & 1.3135 in extension.

Alternative scenario
Above 1.3210 look for further upside with 1.3230 & 1.3250 as targets.

Comment
The RSI is mixed to bearish.

AUD/USD

The downside prevails.

Pivot (invalidation): 0.6855

Our preference
Short positions below 0.6855 with targets at 0.6810 & 0.6790 in extension.

Alternative scenario
Above 0.6855 look for further upside with 0.6875 & 0.6885 as targets.

Comment
The RSI shows downside momentum.

USD/TRY

Turning up.

Pivot (invalidation): 5.7420

Our preference
Long positions above 5.7420 with targets at 5.7800 & 5.7910 in extension.

Alternative scenario
Below 5.7420 look for further downside with 5.7330 & 5.7260 as targets.

Comment
The RSI calls for a new upleg.

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.