USD/CHF: Watch 0.9080

USDCHF


 

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Pivot (invalidation): 0.9115

Our preference
Short positions below 0.9115 with targets at 0.9090 & 0.9080 in extension.

Alternative scenario
Above 0.9115 look for further upside with 0.9125 & 0.9140 as targets.

Comment
A break below 0.9090 would trigger a drop towards 0.9080.

USD/CAD: Key resistance at 1.3095

USDCAD

Pivot (invalidation): 1.3095

Our preference
Short positions below 1.3095 with targets at 1.3060 & 1.3035 in extension.

Alternative scenario
Above 1.3095 look for further upside with 1.3120 & 1.3140 as targets.

Comment
As Long as the resistance at 1.3095 is not surpassed, the risk of the break below 1.3060 remains high.

AUD/USD: The upside prevails

AUDUSD

Pivot (invalidation): 0.7295

Our preference
Long positions above 0.7295 with targets at 0.7330 & 0.7355 in extension.

Alternative scenario
Below 0.7295 look for further downside with 0.7280 & 0.7265 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

USD/TRY: Continuation of the rebound

USDTRY

Pivot (invalidation): 7.5960

Our preference
Long positions above 7.5960 with targets at 7.6810 & 7.7220 in extension.

Alternative scenario
Below 7.5960 look for further downside with 7.5460 & 7.5110 as targets.

Comment
The RSI lacks downward momentum.

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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