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XAU/USD

Silver

USD/TRY Intraday: Break of a ST rising trendline support

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Caution.

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Pivot (invalidation): 1.0050

Our preference
Long positions above 1.0050 with targets at 1.0075 & 1.0090 in extension.

Alternative scenario
Below 1.0050 look for further downside with 1.0030 & 1.0010 as targets.

Comment
A support base at 1.0050 has formed and has allowed for a temporary stabilisation.

USD/CAD

The downside prevails.

Pivot (invalidation): 1.3235

Our preference
Short positions below 1.3235 with targets at 1.3170 & 1.3150 in extension.

Alternative scenario
Above 1.3235 look for further upside with 1.3255 & 1.3275 as targets.

Comment
The RSI is bearish and calls for further decline.

AUD/USD

The upside prevails.

Pivot (invalidation): 0.7105

Our preference
Long positions above 0.7105 with targets at 0.7140 & 0.7160 in extension.

Alternative scenario
Below 0.7105 look for further downside with 0.7090 & 0.7070 as targets.

Comment
The RSI calls for a new upleg.

USD/TRY

Break of a ST rising trendline support.

Pivot (invalidation): 5.2660

Our preference
Short positions below 5.2660 with targets at 5.2300 & 5.2140 in extension.

Alternative scenario
Above 5.2660 look for further upside with 5.2850 & 5.2960 as targets.

Comment
The RSI is bearish and calls for further downside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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