AUD/USD levels: The downside prevails
|USD/CHF
Key resistance at 0.9745.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 0.9745
Our preference
Short positions below 0.9745 with targets at 0.9725 & 0.9715 in extension.
Alternative scenario
Above 0.9745 look for further upside with 0.9760 & 0.9780 as targets.
Comment
As Long as the resistance at 0.9745 is not surpassed, the risk of the break below 0.9725 remains high.
USD/CAD
Under pressure.
Pivot (invalidation): 1.3105
Our preference
Short positions below 1.3105 with targets at 1.3035 & 1.3000 in extension.
Alternative scenario
Above 1.3105 look for further upside with 1.3130 & 1.3150 as targets.
Comment
The RSI is bearish and calls for further decline.
AUD/USD
The downside prevails.
Pivot (invalidation): 0.7120
Our preference
Short positions below 0.7120 with targets at 0.7085 & 0.7065 in extension.
Alternative scenario
Above 0.7120 look for further upside with 0.7135 & 0.7150 as targets.
Comment
The RSI is bearish and calls for further downside.
USD/TRY
Turning down.
Pivot (invalidation): 6.4600
Our preference
Short positions below 6.4600 with targets at 6.3940 & 6.3700 in extension.
Alternative scenario
Above 6.4600 look for further upside with 6.4900 & 6.5400 as targets.
Comment
The break below 6.4600 is a negative signal that has opened a path to 6.3940.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.