Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Target 0.9895.
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Pivot (invalidation): 0.9935
Our preference Short positions below 0.9935 with targets at 0.9895 & 0.9870 in extension.
Alternative scenario
Above 0.9935 look for further upside with 0.9960 & 0.9985 as targets.
Comment
A break below 0.9895 would trigger a drop towards 0.9870.
USD/CAD
Turning down.
Pivot (invalidation): 1.3330
Our preference Short positions below 1.3330 with targets at 1.3265 & 1.3235 in extension.
Alternative scenario
Above 1.3330 look for further upside with 1.3365 & 1.3400 as targets.
Comment
The RSI lacks upward momentum.
AUD/USD
The upside prevails.
Pivot (invalidation): 0.7370
Our preference Long positions above 0.7370 with targets at 0.7410 & 0.7425 in extension.
Alternative scenario
Below 0.7370 look for further downside with 0.7345 & 0.7325 as targets.
Comment
The RSI is bullish and calls for further upside.
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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