Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Key resistance at 0.9980.
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Pivot (invalidation): 0.9980
Our preference
Short positions below 0.9980 with targets at 0.9950 & 0.9935 in extension.
Alternative scenario
Above 0.9980 look for further upside with 1.0000 & 1.0030 as targets.
Comment
As Long as 0.9980 is resistance, look for choppy price action with a bearish bias.
USD/CAD
Key resistance at 1.3130.
Pivot (invalidation): 1.3130
Our preference
Short positions below 1.3130 with targets at 1.3075 & 1.3045 in extension.
Alternative scenario
Above 1.3130 look for further upside with 1.3165 & 1.3200 as targets.
Comment
A break below 1.3075 would trigger a drop towards 1.3045.
AUD/USD
The downside prevails.
Pivot (invalidation): 0.7090
Our preference
Short positions below 0.7090 with targets at 0.7055 & 0.7040 in extension.
Alternative scenario
Above 0.7090 look for further upside with 0.7110 & 0.7125 as targets.
Comment
The RSI calls for a drop.
USD/TRY
Bullish bias above 5.6400.
Pivot (invalidation): 5.6400
Our preference
Long positions above 5.6400 with targets at 5.6900 & 5.7150 in extension.
Alternative scenario
Below 5.6400 look for further downside with 5.6000 & 5.5600 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.
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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