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XAU/USD

Silver

USD/CHF Intraday: The downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

The downside prevails.

Stay on top of the markets with Swissquote’s News & Analysis

Pivot (invalidation): 1.0035

Our preference
Short positions below 1.0035 with targets at 0.9990 & 0.9970 in extension.

Alternative scenario
Above 1.0035 look for further upside with 1.0060 & 1.0080 as targets.

Comment
As Long as the resistance at 1.0035 is not surpassed, the risk of the break below 0.9990 remains high.

USD/CAD

Watch 1.3150.

Pivot (invalidation): 1.3220

Our preference
Short positions below 1.3220 with targets at 1.3170 & 1.3150 in extension.

Alternative scenario
Above 1.3220 look for further upside with 1.3240 & 1.3260 as targets.

Comment
As Long as 1.3220 is resistance, look for choppy price action with a bearish bias.

AUD/USD

The bias remains bullish.

Pivot (invalidation): 0.7145

Our preference
Long positions above 0.7145 with targets at 0.7190 & 0.7210 in extension.

Alternative scenario
Below 0.7145 look for further downside with 0.7125 & 0.7100 as targets.

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

USD/TRY

Under pressure.

Pivot (invalidation): 5.3000

Our preference
Short positions below 5.3000 with targets at 5.2700 & 5.2550 in extension.

Alternative scenario
Above 5.3000 look for further upside with 5.3210 & 5.3330 as targets.

Comment
A break below 5.2700 would trigger a drop towards 5.2550.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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