USD/CHF
Under pressure.
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Pivot (invalidation): 0.9890
Our preference
Short positions below 0.9890 with targets at 0.9850 & 0.9830 in extension.
Alternative scenario
Above 0.9890 look for further upside with 0.9905 & 0.9925 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
USD/CAD
Target 1.3270.
Pivot (invalidation): 1.3300
Our preference
Short positions below 1.3300 with targets at 1.3280 & 1.3270 in extension.
Alternative scenario
Above 1.3300 look for further upside with 1.3310 & 1.3320 as targets.
Comment
A break below 1.3280 would trigger a drop towards 1.3270.
AUD/USD
The downside prevails.
Pivot (invalidation): 0.6845
Our preference
Short positions below 0.6845 with targets at 0.6810 & 0.6790 in extension.
Alternative scenario
Above 0.6845 look for further upside with 0.6860 & 0.6875 as targets.
Comment
The immediate trend remains down and the momentum is strong.
USD/TRY
5.7270 expected.
Pivot (invalidation): 5.7510
Our preference
Short positions below 5.7510 with targets at 5.7360 & 5.7270 in extension.
Alternative scenario
Above 5.7510 look for further upside with 5.7640 & 5.7720 as targets.
Comment
A break below 5.7360 would trigger a drop towards 5.7270.
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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