USD/CHF
Turning up.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 0.9860
Our preference
Long positions above 0.9860 with targets at 0.9890 & 0.9910 in extension.
Alternative scenario
Below 0.9860 look for further downside with 0.9845 & 0.9825 as targets.
Comment
The RSI calls for a new upleg.
USD/CAD
Rebound expected.
Pivot (invalidation): 1.2955
Our preference
Long positions above 1.2955 with targets at 1.3005 & 1.3030 in extension.
Alternative scenario
Below 1.2955 look for further downside with 1.2925 & 1.2900 as targets.
Comment
A support base at 1.2955 has formed and has allowed for a temporary stabilisation.
AUD/USD
Bullish bias above 0.7120.
Pivot (invalidation): 0.7120
Our preference
Long positions above 0.7120 with targets at 0.7150 & 0.7165 in extension.
Alternative scenario
Below 0.7120 look for further downside with 0.7105 & 0.7095 as targets.
Comment
The RSI lacks downward momentum.
USD/TRY
Caution.
Pivot (invalidation): 5.8200
Our preference
Short positions below 5.8200 with targets at 5.7470 & 5.7000 in extension.
Alternative scenario
Above 5.8200 look for further upside with 5.8730 & 5.9380 as targets.
Comment
Intraday technical indicators are mixed and call for caution.
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.
Recommended Content
Editors’ Picks
AUD/USD bounces to 0.6450, shrugs off mixed Australian jobs data
AUD/USD is rebounding to test 0.6450 amid renewed US Dollar weakness in the Asian session on Thursday. The pair reverses mixed Australian employment data-led minor losses, as risk sentiment recovers.
USD/JPY drops to test 154.00 on Japan's intervention warnings
USD/JPY extends losses to test 154.00 in Asian trading on Thursday. The pair is undermined by the latest US Dollar pullback, Japan's FX intervention risks and a softer risk tone. Focus shifts to more Fedspeak and US data.
Gold price finds buyers again near $2,355 as USD licks its wounds
Gold price is attempting a tepid bounce in the Asian session, having found fresh demand near $2,355 once again. Gold price capitalizes on a softer risk tone and an extended weakness in the US Treasury bond yields, despite the recent hawkish Fed commentary.
Manta Network price braces for volatility as $44 million worth of MANTA is due to flood markets
Manta Network price was not spared from the broader market crash instigated by a weakness in the Bitcoin market. While analysts call a bottoming out in the BTC price, the Web3 modular ecosystem token could suffer further impact.
Investors hunkering down
Amidst a relentless cautionary deluge of commentary from global financial leaders gathered at the International Monetary Fund and World Bank Spring meetings in Washington, investors appear to be taking a hiatus after witnessing significant market movements in recent weeks.