Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
The bias remains bullish.
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Pivot (invalidation): 0.9925
Our preference
Long positions above 0.9925 with targets at 0.9970 & 0.9990 in extension.
Alternative scenario
Below 0.9925 look for further downside with 0.9905 & 0.9885 as targets.
Comment
The RSI lacks downward momentum.
USD/CAD
Bullish bias above 1.3250.
Pivot (invalidation): 1.3250
Our preference
Long positions above 1.3250 with targets at 1.3300 & 1.3320 in extension.
Alternative scenario
Below 1.3250 look for further downside with 1.3235 & 1.3220 as targets.
Comment
The RSI is above its neutrality area at 50%.
AUD/USD
The downside prevails.
Pivot (invalidation): 0.7180
Our preference
Short positions below 0.7180 with targets at 0.7145 & 0.7130 in extension.
Alternative scenario
Above 0.7180 look for further upside with 0.7195 & 0.7205 as targets.
Comment
A break below 0.7145 would trigger a drop towards 0.7130.
USD/TRY
Key resistance at 5.3440.
Pivot (invalidation): 5.3440
Our preference
Short positions below 5.3440 with targets at 5.3145 & 5.2960 in extension.
Alternative scenario
Above 5.3440 look for further upside with 5.3615 & 5.3880 as targets.
Comment
As Long as the resistance at 5.3440 is not surpassed, the risk of the break below 5.3145 remains high.
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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