Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Under pressure.
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Pivot (invalidation): 0.9640
Our preference
Short positions below 0.9640 with targets at 0.9560 & 0.9530 in extension.
Alternative scenario
Above 0.9640 look for further upside with 0.9680 & 0.9715 as targets.
Comment
As Long as the resistance at 0.9640 is not surpassed, the risk of the break below 0.9560 remains high.
USD/CAD
1.3900 expected.
Pivot (invalidation): 1.4075
Our preference
Short positions below 1.4075 with targets at 1.3960 & 1.3900 in extension.
Alternative scenario
Above 1.4075 look for further upside with 1.4130 & 1.4185 as targets.
Comment
The RSI lacks upward momentum.
AUD/USD
Further upside.
Pivot (invalidation): 0.6030
Our preference
Long positions above 0.6030 with targets at 0.6170 & 0.6210 in extension.
Alternative scenario
Below 0.6030 look for further downside with 0.5975 & 0.5935 as targets.
Comment
The RSI advocates for further upside.
USD/TRY
Turning down.
Pivot (invalidation): 6.4190
Our preference
Short positions below 6.4190 with targets at 6.3720 & 6.3410 in extension.
Alternative scenario
Above 6.4190 look for further upside with 6.4470 & 6.4720 as targets.
Comment
As Long as 6.4190 is resistance, likely decline to 6.3720.
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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