Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Target 0.9895.
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Pivot (invalidation): 0.9935
Our preference
Short positions below 0.9935 with targets at 0.9910 & 0.9895 in extension.
Alternative scenario
Above 0.9935 look for further upside with 0.9950 & 0.9970 as targets.
Comment
A break below 0.9910 would trigger a drop towards 0.9895.
USD/CAD
1.3345 expected.
Pivot (invalidation): 1.3415
Our preference
Short positions below 1.3415 with targets at 1.3370 & 1.3345 in extension.
Alternative scenario
Above 1.3415 look for further upside with 1.3440 & 1.3470 as targets.
Comment
The RSI is bearish and calls for further downside.
AUD/USD
Aim @ 0.7155.
Pivot (invalidation): 0.7100
Our preference
Long positions above 0.7100 with targets at 0.7135 & 0.7155 in extension.
Alternative scenario
Below 0.7100 look for further downside with 0.7080 & 0.7065 as targets.
Comment
The RSI is bullish and calls for further advance.
USD/TRY
Look for 5.4850.
Pivot (invalidation): 5.6210
Our preference
Short positions below 5.6210 with targets at 5.5380 & 5.4850 in extension.
Alternative scenario
Above 5.6210 look for further upside with 5.6950 & 5.7700 as targets.
Comment
A break below 5.5380 would trigger a drop towards 5.4850.
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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