Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
The downside prevails.
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Pivot (invalidation): 0.9885
Our preference
Short positions below 0.9885 with targets at 0.9830 & 0.9810 in extension.
Alternative scenario
Above 0.9885 look for further upside with 0.9900 & 0.9925 as targets.
Comment
The RSI has broken down its 30 level.
USD/CAD
Watch 1.3000.
Pivot (invalidation): 1.3080
Our preference
Short positions below 1.3080 with targets at 1.3030 & 1.3000 in extension.
Alternative scenario
Above 1.3080 look for further upside with 1.3100 & 1.3115 as targets.
Comment
The RSI advocates for further downside.
AUD/USD
Further upside.
Pivot (invalidation): 0.6945
Our preference
Long positions above 0.6945 with targets at 0.6990 & 0.7010 in extension.
Alternative scenario
Below 0.6945 look for further downside with 0.6930 & 0.6915 as targets.
Comment
The RSI advocates for further advance.
USD/TRY
Under pressure.
Pivot (invalidation): 5.7070
Our preference
Short positions below 5.7070 with targets at 5.6460 & 5.6270 in extension.
Alternative scenario
Above 5.7070 look for further upside with 5.7300 & 5.7580 as targets.
Comment
The RSI is bearish and calls for further downside.
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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