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XAU/USD

Silver

USDCHF Intraday: The bias remains bullish

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

The bias remains bullish.

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Pivot (invalidation): 0.9880

Our preference
Long positions above 0.9880 with targets at 0.9920 & 0.9935 in extension.

Alternative scenario
Below 0.9880 look for further downside with 0.9865 & 0.9850 as targets.

Comment
The RSI lacks downward momentum.

USD/CAD

Intraday support around 1.3010.

Pivot (invalidation): 1.3010

Our preference
Long positions above 1.3010 with targets at 1.3050 & 1.3070 in extension.

Alternative scenario
Below 1.3010 look for further downside with 1.2980 & 1.2955 as targets.

Comment
The RSI lacks downward momentum.

AUD/USD

Supported by a rising trend line.

Pivot (invalidation): 0.7100

Our preference
Long positions above 0.7100 with targets at 0.7130 & 0.7150 in extension.

Alternative scenario
Below 0.7100 look for further downside with 0.7080 & 0.7065 as targets.

Comment
The RSI is mixed to bullish.

USD/TRY

The downside prevails.

Pivot (invalidation): 6.0080

Our preference
Short positions below 6.0080 with targets at 5.8620 & 5.8080 in extension.

Alternative scenario
Above 6.0080 look for further upside with 6.0810 & 6.1330 as targets.

Comment
The RSI lacks upward momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold clings to gains just above $5,000/oz

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

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Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.