Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Caution.
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Pivot (invalidation): 1.0075
Our preference
Long positions above 1.0075 with targets at 1.0100 & 1.0120 in extension.
Alternative scenario
Below 1.0075 look for further downside with 1.0060 & 1.0045 as targets.
Comment
Intraday technical indicators are mixed and call for caution.
USD/CAD
Further advance.
Pivot (invalidation): 1.3410
Our preference
Long positions above 1.3410 with targets at 1.3470 & 1.3495 in extension.
Alternative scenario
Below 1.3410 look for further downside with 1.3390 & 1.3370 as targets.
Comment
The RSI is bullish and calls for further upside.
AUD/USD
Turning down.
Pivot (invalidation): 0.6885
Our preference
Short positions below 0.6885 with targets at 0.6865 & 0.6850 in extension.
Alternative scenario
Above 0.6885 look for further upside with 0.6895 & 0.6910 as targets.
Comment
A break below 0.6865 would trigger a drop towards 0.6850.
USD/TRY
Watch 6.1650.
Pivot (invalidation): 6.0870
Our preference
Long positions above 6.0870 with targets at 6.1420 & 6.1650 in extension.
Alternative scenario
Below 6.0870 look for further downside with 6.0650 & 6.0420 as targets.
Comment
The RSI is bullish and calls 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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