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XAU/USD

Silver

USD/TRY Intraday: Further upside

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Bullish bias above 1.0060.

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Pivot (invalidation): 1.0060

Our preference
Long positions above 1.0060 with targets at 1.0095 & 1.0110 in extension.

Alternative scenario
Below 1.0060 look for further downside with 1.0035 & 1.0020 as targets.

Comment
A support base at 1.0060 has formed and has allowed for a temporary stabilisation.

USD/CAD

Intraday support around 1.3230.

Pivot (invalidation): 1.3230

Our preference
Long positions above 1.3230 with targets at 1.3275 & 1.3305 in extension.

Alternative scenario
Below 1.3230 look for further downside with 1.3210 & 1.3190 as targets.

Comment
The RSI is above its neutrality area at 50%.

AUD/USD

Rebound.

Pivot (invalidation): 0.7080

Our preference
Long positions above 0.7080 with targets at 0.7135 & 0.7150 in extension.

Alternative scenario
Below 0.7080 look for further downside with 0.7065 & 0.7050 as targets.

Comment
The RSI calls for a bounce.

USD/TRY

Further upside.

Pivot (invalidation): 5.2680

Our preference
Long positions above 5.2680 with targets at 5.2960 & 5.3100 in extension.

Alternative scenario
Below 5.2680 look for further downside with 5.2420 & 5.2300 as targets.

Comment
The RSI calls for a bounce.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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