USD/CHF
Supported by a rising trend line.
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Pivot (invalidation): 0.9830
Our preference
Long positions above 0.9830 with targets at 0.9855 & 0.9875 in extension.
Alternative scenario
Below 0.9830 look for further downside with 0.9815 & 0.9800 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/CAD
The upside prevails.
Pivot (invalidation): 1.3290
Our preference
Long positions above 1.3290 with targets at 1.3335 & 1.3345 in extension.
Alternative scenario
Below 1.3290 look for further downside with 1.3270 & 1.3250 as targets.
Comment
The RSI is bullish and calls for further upside.
AUD/USD
Under pressure.
Pivot (invalidation): 0.6770
Our preference
Short positions below 0.6770 with targets at 0.6750 & 0.6735 in extension.
Alternative scenario
Above 0.6770 look for further upside with 0.6785 & 0.6800 as targets.
Comment
As Long as the resistance at 0.6770 is not surpassed, the risk of the break below 0.6750 remains high.
USD/TRY
The upside prevails.
Pivot (invalidation): 5.7440
Our preference
Long positions above 5.7440 with targets at 5.7900 & 5.8300 in extension.
Alternative scenario
Below 5.7440 look for further downside with 5.7220 & 5.7010 as targets.
Comment
The RSI is mixed with a bullish bias.
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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