TRENDING:

XAU/USD

Silver

USD/CHF Intraday: Towards 1.0000

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Towards 1.0000.

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Pivot (invalidation): 1.0040

Our preference
Short positions below 1.0040 with targets at 1.0015 & 1.0000 in extension.

Alternative scenario
Above 1.0040 look for further upside with 1.0050 & 1.0065 as targets.

Comment
The RSI has broken down its 30 level.

USD/CAD

1.3270 expected.

Pivot (invalidation): 1.3340

Our preference
Short positions below 1.3340 with targets at 1.3285 & 1.3270 in extension.

Alternative scenario
Above 1.3340 look for further upside with 1.3370 & 1.3390 as targets.

Comment
The RSI is bearish and calls for further downside.

AUD/USD

Turning up.

Pivot (invalidation): 0.7060

Our preference
Long positions above 0.7060 with targets at 0.7100 & 0.7120 in extension.

Alternative scenario
Below 0.7060 look for further downside with 0.7040 & 0.7025 as targets.

Comment
The RSI calls for a new upleg.

USD/TRY

Further upside.

Pivot (invalidation): 5.4570

Our preference
Long positions above 5.4570 with targets at 5.4760 & 5.4890 in extension.

Alternative scenario
Below 5.4570 look for further downside with 5.4480 & 5.4380 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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