USD/CAD intraday: Bullish bias above 1.3740

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.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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