TRENDING:

XAU/USD

Silver

USD/TRY Intraday: target 5.7810

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Caution.

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Pivot (invalidation): 0.9935

Our preference
Long positions above 0.9935 with targets at 0.9955 & 0.9975 in extension.

Alternative scenario
Below 0.9935 look for further downside with 0.9920 & 0.9905 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

USD/CAD

Towards 1.3210.

Pivot (invalidation): 1.3165

Our preference
Long positions above 1.3165 with targets at 1.3200 & 1.3210 in extension.

Alternative scenario
Below 1.3165 look for further downside with 1.3150 & 1.3135 as targets.

Comment
The RSI calls for a bounce.

AUD/USD

Watch 0.6860.

Pivot (invalidation): 0.6895

Our preference
Short positions below 0.6895 with targets at 0.6870 & 0.6860 in extension.

Alternative scenario
Above 0.6895 look for further upside with 0.6915 & 0.6930 as targets.

Comment
The RSI advocates for further decline.

USD/TRY

Target 5.7810.

Pivot (invalidation): 5.7390

Our preference
Long positions above 5.7390 with targets at 5.7700 & 5.7810 in extension.

Alternative scenario
Below 5.7390 look for further downside with 5.7250 & 5.7090 as targets.

Comment
The RSI advocates for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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