USD/CHF
Further advance.
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Pivot (invalidation): 0.9780
Our preference
Long positions above 0.9780 with targets at 0.9835 & 0.9860 in extension.
Alternative scenario
Below 0.9780 look for further downside with 0.9765 & 0.9735 as targets.
Comment
The RSI is bullish and calls for further advance.
USD/CAD
Range.
Pivot (invalidation): 1.3105
Our preference
Short positions below 1.3105 with targets at 1.3075 & 1.3055 in extension.
Alternative scenario
Above 1.3105 look for further upside with 1.3120 & 1.3135 as targets.
Comment
A break below 1.3075 would trigger a drop towards 1.3055.
AUD/USD
Break of a ST rising trendline support.
Pivot (invalidation): 0.7030
Our preference
Short positions below 0.7030 with targets at 0.6985 & 0.6970 in extension.
Alternative scenario
Above 0.7030 look for further upside with 0.7045 & 0.7065 as targets.
Comment
The RSI calls for a new downleg.
USD/TRY
The downside prevails.
Pivot (invalidation): 5.7750
Our preference
Short positions below 5.7750 with targets at 5.7260 & 5.7000 in extension.
Alternative scenario
Above 5.7750 look for further upside with 5.8000 & 5.8260 as targets.
Comment
The RSI calls for a new downleg.
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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