TRENDING:

XAU/USD

Silver

USD/TRY Intraday: Watch 5.6280

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

The upside prevails.

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Pivot (invalidation): 1.0010

Our preference
Long positions above 1.0010 with targets at 1.0035 & 1.0050 in extension.

Alternative scenario
Below 1.0010 look for further downside with 0.9990 & 0.9975 as targets.

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

USD/CAD

Rebound.

Pivot (invalidation): 1.3315

Our preference
Long positions above 1.3315 with targets at 1.3360 & 1.3385 in extension.

Alternative scenario
Below 1.3315 look for further downside with 1.3300 & 1.3280 as targets.

Comment
The RSI is bullish and calls for further advance.

AUD/USD

Intraday support around 0.7150.

Pivot (invalidation): 0.7150

Our preference
Long positions above 0.7150 with targets at 0.7175 & 0.7195 in extension.

Alternative scenario
Below 0.7150 look for further downside with 0.7130 & 0.7110 as targets.

Comment
The RSI lacks downward momentum.

USD/TRY

Watch 5.6280.

Pivot (invalidation): 5.7000

Our preference
Short positions below 5.7000 with targets at 5.6520 & 5.6280 in extension.

Alternative scenario
Above 5.7000 look for further upside with 5.7200 & 5.7400 as targets.

Comment
The RSI calls for a new downleg.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD hits two-day highs near 1.1820

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GBP/USD reclaims 1.3600 and above

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XRP rally extends as modest ETF inflows support recovery

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