Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
The downside prevails.
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Pivot (invalidation): 0.9940
Our preference
Short positions below 0.9940 with targets at 0.9895 & 0.9885 in extension.
Alternative scenario
Above 0.9940 look for further upside with 0.9955 & 0.9970 as targets.
Comment
The RSI is below its neutrality area at 50%
USD/CAD
Intraday support around 1.3445.
Pivot (invalidation): 1.3445
Our preference
Long positions above 1.3445 with targets at 1.3495 & 1.3525 in extension.
Alternative scenario
Below 1.3445 look for further downside with 1.3420 & 1.3395 as targets.
Comment
The RSI is mixed to bullish.
AUD/USD
Further advance.
Pivot (invalidation): 0.7175
Our preference
Long positions above 0.7175 with targets at 0.7215 & 0.7230 in extension.
Alternative scenario
Below 0.7175 look for further downside with 0.7160 & 0.7150 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/TRY
Turning down.
Pivot (invalidation): 5.3560
Our preference
Short positions below 5.3560 with targets at 5.3210 & 5.3000 in extension.
Alternative scenario
Above 5.3560 look for further upside with 5.3780 & 5.3940 as targets.
Comment
The RSI lacks upward 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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