Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF: The downside prevails
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Pivot (invalidation): 0.9095
Our preference
Short positions below 0.9095 with targets at 0.9060 & 0.9040 in extension.
Alternative scenario
Above 0.9095 look for further upside with 0.9110 & 0.9130 as targets.
Comment
The RSI is bearish and calls for further downside.
USD/CAD: 1.2965 expected
Pivot (invalidation): 1.3015
Our preference
Short positions below 1.3015 with targets at 1.2985 & 1.2965 in extension.
Alternative scenario
Above 1.3015 look for further upside with 1.3030 & 1.3045 as targets.
Comment
A break below 1.2985 would trigger a drop towards 1.2965.
AUD/USD: Target 0.7400
Pivot (invalidation): 0.7350
Our preference
Long positions above 0.7350 with targets at 0.7385 & 0.7400 in extension.
Alternative scenario
Below 0.7350 look for further downside with 0.7335 & 0.7320 as targets.
Comment
The RSI advocates for further upside.
USD/TRY: Rebound expected
Pivot (invalidation): 7.9000
Our preference
Long positions above 7.9000 with targets at 7.9830 & 8.0310 in extension.
Alternative scenario
Below 7.9000 look for further downside with 7.8480 & 7.8000 as targets.
Comment
A support base at 7.9000 has formed and has allowed for a temporary stabilisation.
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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