Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Expect 0.9860.
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Pivot (invalidation): 0.9930
Our preference
Short positions below 0.9930 with targets at 0.9890 & 0.9860 in extension.
Alternative scenario
Above 0.9930 look for further upside with 0.9960 & 0.9990 as targets.
Comment
The RSI has broken down its 30 level.
USD/CAD
Target 1.3200.
Pivot (invalidation): 1.3275
Our preference
Short positions below 1.3275 with targets at 1.3220 & 1.3200 in extension.
Alternative scenario
Above 1.3275 look for further upside with 1.3310 & 1.3345 as targets.
Comment
The RSI has broken down its 30 level.
AUD/USD
Bullish bias above 0.6880.
Pivot (invalidation): 0.6880
Our preference
Long positions above 0.6880 with targets at 0.6905 & 0.6915 in extension.
Alternative scenario
Below 0.6880 look for further downside with 0.6865 & 0.6855 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
USD/TRY
5.7500 expected.
Pivot (invalidation): 5.8200
Our preference
Short positions below 5.8200 with targets at 5.7730 & 5.7500 in extension.
Alternative scenario
Above 5.8200 look for further upside with 5.8520 & 5.8800 as targets.
Comment
The RSI is bearish and calls for further decline.
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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