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XAU/USD

Silver

USDTRY Intraday: The upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

The bias remains bullish.

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Pivot (invalidation): 0.9930

Our preference
Long positions above 0.9930 with targets at 0.9970 & 0.9990 in extension.

Alternative scenario
Below 0.9930 look for further downside with 0.9910 & 0.9880 as targets.

Comment
The break above 0.9930 is a positive signal that has opened a path to 0.9970.

USD/CAD

Further advance.

Pivot (invalidation): 1.3285

Our preference
Long positions above 1.3285 with targets at 1.3320 & 1.3350 in extension.

Alternative scenario
Below 1.3285 look for further downside with 1.3265 & 1.3240 as targets.

Comment
The RSI calls for a new upleg.

AUD/USD

Key resistance at 0.7250.

Pivot (invalidation): 0.7250

Our preference
Short positions below 0.7250 with targets at 0.7200 & 0.7185 in extension.

Alternative scenario
Above 0.7250 look for further upside with 0.7270 & 0.7285 as targets.

Comment
As Long as the resistance at 0.7250 is not surpassed, the risk of the break below 0.7200 remains high.

USD/TRY

The upside prevails.

Pivot (invalidation): 5.3640

Our preference
Long positions above 5.3640 with targets at 5.4210 & 5.4500 in extension.

Alternative scenario
Below 5.3640 look for further downside with 5.3350 & 5.3050 as targets.

Comment
A support base at 5.3640 has formed and has allowed for a temporary stabilisation.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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