USD/CHF
0.9800 expected.
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Pivot (invalidation): 0.9745
Our preference
Long positions above 0.9745 with targets at 0.9775 & 0.9800 in extension.
Alternative scenario
Below 0.9745 look for further downside with 0.9720 & 0.9695 as targets.
Comment
The RSI calls for a new upleg.
USD/CAD
Key resistance at 1.3200.
Pivot (invalidation): 1.3200
Our preference
Short positions below 1.3200 with targets at 1.3165 & 1.3145 in extension.
Alternative scenario
Above 1.3200 look for further upside with 1.3215 & 1.3230 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.3200.
AUD/USD
Key resistance at 0.6975.
Pivot (invalidation): 0.6975
Our preference
Short positions below 0.6975 with targets at 0.6945 & 0.6925 in extension.
Alternative scenario
Above 0.6975 look for further upside with 0.7000 & 0.7020 as targets.
Comment
As Long as the resistance at 0.6975 is not surpassed, the risk of the break below 0.6945 remains high.
USD/TRY
Further upside.
Pivot (invalidation): 5.7850
Our preference
Long positions above 5.7850 with targets at 5.8300 & 5.8480 in extension.
Alternative scenario
Below 5.7850 look for further downside with 5.7520 & 5.7170 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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