USD/CHF: Continuation of the rebound

USDCHF


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Pivot (invalidation): 0.9045

Our preference
Long positions above 0.9045 with targets at 0.9090 & 0.9110 in extension.

Alternative scenario
Below 0.9045 look for further downside with 0.9025 & 0.9010 as targets.

Comment
The RSI advocates for further advance.

USD/CAD: Further advance

USDCAD

Pivot (invalidation): 1.3135

Our preference
Long positions above 1.3135 with targets at 1.3205 & 1.3230 in extension.

Alternative scenario
Below 1.3135 look for further downside with 1.3105 & 1.3080 as targets.

Comment
The RSI is bullish and calls for further advance.

AUD/USD: Turning down

AUDUSD

Pivot (invalidation): 0.7115

Our preference
Short positions below 0.7115 with targets at 0.7070 & 0.7045 in extension.

Alternative scenario
Above 0.7115 look for further upside with 0.7135 & 0.7150 as targets.

Comment
The RSI calls for a new downleg.

USD/TRY: Rebound expected

USDTRY

Pivot (invalidation): 7.7850

Our preference
Long positions above 7.7850 with targets at 7.8230 & 7.8510 in extension.

Alternative scenario
Below 7.7850 look for further downside with 7.7700 & 7.7500 as targets.

Comment
A support base at 7.7850 has formed and has allowed for a temporary stabilisation.

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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