TRENDING:

XAU/USD

Silver

USD/TRY Intraday: bullish bias above 5.7800

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Turning up.

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Pivot (invalidation): 0.9715

Our preference
Long positions above 0.9715 with targets at 0.9785 & 0.9810 in extension.

Alternative scenario
Below 0.9715 look for further downside with 0.9695 & 0.9670 as targets.

Comment
The RSI calls for a new upleg.

USD/CAD

Under pressure.

Pivot (invalidation): 1.3320

Our preference
Short positions below 1.3320 with targets at 1.3275 & 1.3260 in extension.

Alternative scenario
Above 1.3320 look for further upside with 1.3340 & 1.3355 as targets.

Comment
The RSI lacks upward momentum.

AUD/USD

Continuation of the rebound.

Pivot (invalidation): 0.6715

Our preference
Long positions above 0.6715 with targets at 0.6755 & 0.6775 in extension.

Alternative scenario
Below 0.6715 look for further downside with 0.6685 & 0.6660 as targets.

Comment
The RSI calls for a rebound.

USD/TRY

Bullish bias above 5.7800.

Pivot (invalidation): 5.7800

Our preference
Long positions above 5.7800 with targets at 5.8350 & 5.8650 in extension.

Alternative scenario
Below 5.7800 look for further downside with 5.7400 & 5.7010 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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