Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Under pressure.
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Pivot (invalidation): 0.9870
Our preference
Short positions below 0.9870 with targets at 0.9830 & 0.9810 in extension.
Alternative scenario
Above 0.9870 look for further upside with 0.9890 & 0.9910 as targets.
Comment
As Long as the resistance at 0.9870 is not surpassed, the risk of the break below 0.9830 remains high.
USD/CAD
Under pressure.
Pivot (invalidation): 1.3175
Our preference
Short positions below 1.3175 with targets at 1.3145 & 1.3125 in extension.
Alternative scenario
Above 1.3175 look for further upside with 1.3195 & 1.3225 as targets.
Comment
A break below 1.3145 would trigger a drop towards 1.3125.
AUD/USD
0.6965 expected.
Pivot (invalidation): 0.6905
Our preference
Long positions above 0.6905 with targets at 0.6940 & 0.6965 in extension.
Alternative scenario
Below 0.6905 look for further downside with 0.6890 & 0.6865 as targets.
Comment
A support base at 0.6905 has formed and has allowed for a temporary stabilisation.
USD/TRY
Look for 5.7430.
Pivot (invalidation): 5.7960
Our preference
Short positions below 5.7960 with targets at 5.7650 & 5.7430 in extension.
Alternative scenario
Above 5.7960 look for further upside with 5.8180 & 5.8330 as targets.
Comment
A break below 5.7650 would trigger a drop towards 5.7430.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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