Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Aim @ 1.0000.
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Pivot (invalidation): 0.9940
Our preference
Long positions above 0.9940 with targets at 0.9975 & 1.0000 in extension.
Alternative scenario
Below 0.9940 look for further downside with 0.9915 & 0.9900 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
USD/CAD
Bullish bias above 1.3050.
Pivot (invalidation): 1.3050
Our preference
Long positions above 1.3050 with targets at 1.3090 & 1.3115 in extension.
Alternative scenario
Below 1.3050 look for further downside with 1.3020 & 1.3000 as targets.
Comment
A support base at 1.3050 has formed and has allowed for a temporary stabilisation.
AUD/USD
Key resistance at 0.7115.
Pivot (invalidation): 0.7115
Our preference
Short positions below 0.7115 with targets at 0.7090 & 0.7075 in extension.
Alternative scenario
Above 0.7115 look for further upside with 0.7130 & 0.7150 as targets.
Comment
As Long as the resistance at 0.7115 is not surpassed, the risk of the break below 0.7090 remains high.
USD/TRY
Continuation of the rebound.
Pivot (invalidation): 5.5810
Our preference
Long positions above 5.5810 with targets at 5.6950 & 5.7700 in extension.
Alternative scenario
Below 5.5810 look for further downside with 5.5280 & 5.4940 as targets.
Comment
The break above 5.5810 is a positive signal that has opened a path to 5.6950.
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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