TRENDING:

XAU/USD

Silver

USD/TRY Intraday: Under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Rebound expected.

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Pivot (invalidation): 1.0005

Our preference
Long positions above 1.0005 with targets at 1.0040 & 1.0060 in extension.

Alternative scenario
Below 1.0005 look for further downside with 0.9990 & 0.9970 as targets.

Comment
The RSI calls for a new upleg.

USD/CAD

Rebound expected.

Pivot (invalidation): 1.3425

Our preference
Long positions above 1.3425 with targets at 1.3465 & 1.3480 in extension.

Alternative scenario
Below 1.3425 look for further downside with 1.3410 & 1.3390 as targets.

Comment
The RSI calls for a rebound.

AUD/USD

The upside prevails.

Pivot (invalidation): 0.6915

Our preference
Long positions above 0.6915 with targets at 0.6950 & 0.6960 in extension.

Alternative
scenario Below 0.6915 look for further downside with 0.6900 & 0.6880 as targets.

Comment
The break above 0.6915 is a positive signal that has opened a path to 0.6950.

USD/TRY

Under pressure.

Pivot (invalidation): 6.1030

Our preference
Short positions below 6.1030 with targets at 6.0650 & 6.0420 in extension.

Alternative scenario
Above 6.1030 look for further upside with 6.1280 & 6.1500 as targets.

Comment
A break below 6.0650 would trigger a drop towards 6.0420.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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