USD/CHF
Target 0.9900.
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Pivot (invalidation): 0.9945
Our preference
Short positions below 0.9945 with targets at 0.9915 & 0.9900 in extension.
Alternative scenario
Above 0.9945 look for further upside with 0.9960 & 0.9975 as targets.
Comment
The RSI advocates for further downside.
USD/CAD
Further advance.
Pivot (invalidation): 1.3315
Our preference
Long positions above 1.3315 with targets at 1.3360 & 1.3380 in extension.
Alternative scenario
Below 1.3315 look for further downside with 1.3295 & 1.3270 as targets.
Comment
The RSI is bullish and calls for further advance.
AUD/USD
The downside prevails.
Pivot (invalidation): 0.6920
Our preference
Short positions below 0.6920 with targets at 0.6875 & 0.6850 in extension.
Alternative scenario
Above 0.6920 look for further upside with 0.6935 & 0.6950 as targets.
Comment
The immediate trend remains down and the momentum is strong.
USD/TRY
Further upside.
Pivot (invalidation): 5.8530
Our preference
Long positions above 5.8530 with targets at 5.9060 & 5.9440 in extension.
Alternative scenario
Below 5.8530 look for further downside with 5.8160 & 5.7880 as targets.
Comment
The RSI calls for a new upleg.
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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