USD/CHF
Target 0.9855.
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Pivot (invalidation): 0.9805
Our preference
Long positions above 0.9805 with targets at 0.9835 & 0.9855 in extension.
Alternative scenario
Below 0.9805 look for further downside with 0.9790 & 0.9770 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/CAD
Aim @ 1.3335.
Pivot (invalidation): 1.3280
Our preference
Long positions above 1.3280 with targets at 1.3320 & 1.3335 in extension.
Alternative scenario
Below 1.3280 look for further downside with 1.3265 & 1.3250 as targets.
Comment
The RSI is bullish and calls for further upside.
AUD/USD
Turning down.
Pivot (invalidation): 0.6785
Our preference
Short positions below 0.6785 with targets at 0.6750 & 0.6735 in extension.
Alternative scenario
Above 0.6785 look for further upside with 0.6800 & 0.6810 as targets.
Comment
The RSI is bearish and calls for further downside.
USD/TRY
Bullish bias above 5.7010.
Pivot (invalidation): 5.7010
Our preference
Long positions above 5.7010 with targets at 5.7440 & 5.7670 in extension.
Alternative scenario
Below 5.7010 look for further downside with 5.6700 & 5.6380 as targets.
Comment
The RSI advocates for further advance.
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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