USD/CHF
Further advance.
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Pivot (invalidation): 1.0000
Our preference
Long positions above 1.0000 with targets at 1.0045 & 1.0070 in extension.
Alternative scenario
Below 1.0000 look for further downside with 0.9985 & 0.9965 as targets.
Comment
The RSI is bullish and calls for further advance.
USD/CAD
Bullish bias above 1.3100.
Pivot (invalidation): 1.3100
Our preference
Long positions above 1.3100 with targets at 1.3135 & 1.3155 in extension.
Alternative scenario
Below 1.3100 look for further downside with 1.3080 & 1.3060 as targets.
Comment
The RSI calls for a bounce.
AUD/USD
The upside prevails.
Pivot (invalidation): 0.7260
Our preference
Long positions above 0.7260 with targets at 0.7300 & 0.7325 in extension.
Alternative scenario
Below 0.7260 look for further downside with 0.7235 & 0.7210 as targets.
Comment
The RSI has just broken above a declining trend line.
USD/TRY
Rebound expected.
Pivot (invalidation): 5.3460
Our preference
Long positions above 5.3460 with targets at 5.4120 & 5.4470 in extension.
Alternative scenario
Below 5.3460 look for further downside with 5.3230 & 5.2970 as targets.
Comment
The RSI calls for a rebound.
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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