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XAU/USD

Silver

USD/TRY Intraday: Further upside

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Target 1.0080.

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Pivot (invalidation): 1.0035

Our preference
Long positions above 1.0035 with targets at 1.0060 & 1.0080 in extension.

Alternative scenario
Below 1.0035 look for further downside with 1.0015 & 1.0005 as targets.

Comment
The RSI calls for a new upleg.

USD/CAD

Turning up.

Pivot (invalidation): 1.3230

Our preference
Long positions above 1.3230 with targets at 1.3275 & 1.3295 in extension.

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

Comment
The RSI calls for a rebound.

AUD/USD

Target 0.7080.

Pivot (invalidation): 0.7135

Our preference
Short positions below 0.7135 with targets at 0.7095 & 0.7080 in extension.

Alternative scenario
Above 0.7135 look for further upside with 0.7160 & 0.7175 as targets.

Comment
The RSI has broken down its 30 level.

USD/TRY

Further upside.

Pivot (invalidation): 5.2900

Our preference
Long positions above 5.2900 with targets at 5.3170 & 5.3330 in extension.

Alternative scenario
Below 5.2900 look for further downside with 5.2700 & 5.2550 as targets.

Comment
The RSI advocates for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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