TRENDING:

XAU/USD

Silver

USDCAD Intraday: The upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Watch 1.0070.

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Pivot (invalidation): 1.0020

Our preference
Long positions above 1.0020 with targets at 1.0050 & 1.0070 in extension.

Alternative scenario
Below 1.0020 look for further downside with 0.9990 & 0.9965 as targets.

Comment
The RSI is bullish and calls for further upside.

USD/CAD

The upside prevails.

Pivot (invalidation): 1.3090

Our preference
Long positions above 1.3090 with targets at 1.3120 & 1.3140 in extension.

Alternative scenario
Below 1.3090 look for further downside with 1.3065 & 1.3045 as targets.

Comment
The RSI lacks downward momentum.

AUD/USD

Under pressure.

Pivot (invalidation): 0.7210

Our preference
Short positions below 0.7210 with targets at 0.7180 & 0.7160 in extension.

Alternative scenario
Above 0.7210 look for further upside with 0.7230 & 0.7260 as targets.

Comment
The RSI is bearish and calls for further downside.

USD/TRY

Rebound expected.

Pivot (invalidation): 5.4160

Our preference
Long positions above 5.4160 with targets at 5.4760 & 5.5070 in extension.

Alternative scenario
Below 5.4160 look for further downside with 5.3875 & 5.3535 as targets.

Comment
The RSI calls for a rebound.

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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Gold climbs further, focus is back to 45,000

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Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Bitcoin edges up above $65,000 at the time of writing on Friday, as dust from the recent macro-triggered sell-off settles. The leading altcoin, Ethereum, hovers above $1,900, but resistance at $2,000 caps the upside. Meanwhile, Ripple has recorded the largest intraday jump among the three assets, up over 10% to $1.35.

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XRP rally extends as modest ETF inflows support recovery

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.