Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Aim @ 1.0140.
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Pivot (invalidation): 1.0095
Our preference
Long positions above 1.0095 with targets at 1.0120 & 1.0140 in extension.
Alternative scenario
Below 1.0095 look for further downside with 1.0075 & 1.0060 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/CAD
Capped by a negative trend line.
Pivot (invalidation): 1.3430
Our preference
Short positions below 1.3430 with targets at 1.3375 & 1.3360 in extension.
Alternative scenario
Above 1.3430 look for further upside with 1.3445 & 1.3470 as targets.
Comment
The RSI is mixed with a bearish bias.
AUD/USD
Watch 0.6910.
Pivot (invalidation): 0.6865
Our preference
Long positions above 0.6865 with targets at 0.6890 & 0.6910 in extension.
Alternative scenario
Below 0.6865 look for further downside with 0.6845 & 0.6830 as targets.
Comment
The RSI lacks downward momentum.
USD/TRY
Bullish bias above 6.0410.
Pivot (invalidation): 6.0410
Our preference
Long positions above 6.0410 with targets at 6.0740 & 6.0930 in extension.
Alternative scenario
Below 6.0410 look for further downside with 6.0190 & 6.0000 as targets.
Comment
A support base at 6.0410 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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