TRENDING:

XAU/USD

Silver

USD/CHF intraday: Target 0.9290

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: Target 0.9290

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Pivot (invalidation): 0.9340

Our preference
Short positions below 0.9340 with targets at 0.9310 & 0.9290 in extension.

Alternative scenario
Above 0.9340 look for further upside with 0.9355 & 0.9375 as targets.

Comment
The RSI lacks upward momentum.

USD/CAD: Under pressure

Pivot (invalidation): 1.3475

Our preference
Short positions below 1.3475 with targets at 1.3420 & 1.3400 in extension.

Alternative scenario
Above 1.3475 look for further upside with 1.3500 & 1.3520 as targets.

Comment
As Long as the resistance at 1.3475 is not surpassed, the risk of the break below 1.3420 remains high.

AUD/USD: Aim @ 0.7180

Pivot (invalidation): 0.7105

Our preference
Long positions above 0.7105 with targets at 0.7150 & 0.7180 in extension.

Alternative scenario
Below 0.7105 look for further downside with 0.7080 & 0.7060 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

USD/TRY: Key resistance at 6.8390

Pivot (invalidation): 6.8390

Our preference
Short positions below 6.8390 with targets at 6.8160 & 6.8090 in extension.

Alternative scenario
Above 6.8390 look for further upside with 6.8480 & 6.8590 as targets.

Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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