Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Turning up.
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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.
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