Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Continuation of the rebound.
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Pivot (invalidation): 0.9635
Our preference
Long positions above 0.9635 with targets at 0.9665 & 0.9680 in extension.
Alternative scenario
Below 0.9635 look for further downside with 0.9615 & 0.9600 as targets.
Comment
The RSI lacks downward momentum.
USD/CAD
Continuation of the rebound.
Pivot (invalidation): 1.3035
Our preference
Long positions above 1.3035 with targets at 1.3065 & 1.3080 in extension.
Alternative scenario
Below 1.3035 look for further downside with 1.3020 & 1.3005 as targets.
Comment
The RSI calls for a rebound.
AUD/USD
Key resistance at 0.6905.
Pivot (invalidation): 0.6905
Our preference
Short positions below 0.6905 with targets at 0.6875 & 0.6865 in extension.
Alternative scenario
Above 0.6905 look for further upside with 0.6915 & 0.6930 as targets.
Comment
As Long as the resistance at 0.6905 is not surpassed, the risk of the break below 0.6875 remains high.
USD/TRY
Key resistance at 5.8650.
Pivot (invalidation): 5.8650
Our preference
Short positions below 5.8650 with targets at 5.8460 & 5.8380 in extension.
Alternative scenario
Above 5.8650 look for further upside with 5.8770 & 5.8880 as targets.
Comment
The upward potential is likely to be limited by the resistance at 5.8650.
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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