Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF: Watch 0.9605
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Pivot (invalidation): 0.9650
Our preference
Short positions below 0.9650 with targets at 0.9625 & 0.9605 in extension.
Alternative scenario
Above 0.9650 look for further upside with 0.9670 & 0.9685 as targets.
Comment
A break below 0.9625 would trigger a drop towards 0.9605.
USD/CAD: Bullish bias above 1.3740
Pivot (invalidation): 1.3740
Our preference
Long positions above 1.3740 with targets at 1.3820 & 1.3845 in extension.
Alternative scenario
Below 1.3740 look for further downside with 1.3720 & 1.3700 as targets.
Comment
A support base at 1.3740 has formed and has allowed for a temporary stabilisation.
AUD/USD: Turning up
Pivot (invalidation): 0.6615
Our preference
Long positions above 0.6615 with targets at 0.6665 & 0.6680 in extension.
Alternative scenario
Below 0.6615 look for further downside with 0.6600 & 0.6585 as targets.
Comment
The RSI calls for a rebound.
USD/TRY: 6.8340 expected
Pivot (invalidation): 6.8000
Our preference
Long positions above 6.8000 with targets at 6.8230 & 6.8340 in extension.
Alternative scenario
Below 6.8000 look for further downside with 6.7810 & 6.7640 as targets.
Comment
The RSI advocates for further upside.
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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