Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Bullish bias above 0.9945.
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Pivot (invalidation): 0.9945
Our preference
Long positions above 0.9945 with targets at 0.9985 & 1.0010 in extension.
Alternative scenario
Below 0.9945 look for further downside with 0.9915 & 0.9895 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/CAD
Limited upside.
Pivot (invalidation): 1.3135
Our preference
Long positions above 1.3135 with targets at 1.3175 & 1.3200 in extension.
Alternative scenario
Below 1.3135 look for further downside with 1.3110 & 1.3090 as targets.
Comment
A support base at 1.3135 has formed and has allowed for a temporary stabilisation.
AUD/USD
Key resistance at 0.7285.
Pivot (invalidation): 0.7285
Our preference
Short positions below 0.7285 with targets at 0.7245 & 0.7225 in extension.
Alternative scenario
Above 0.7285 look for further upside with 0.7310 & 0.7335 as targets.
Comment
The index currently faces a challenging resistance area at 0.7285.
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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