Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Further upside.
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Pivot (invalidation): 1.0095
Our preference
Long positions above 1.0095 with targets at 1.0125 & 1.0145 in extension.
Alternative scenario
Below 1.0095 look for further downside with 1.0080 & 1.0070 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/CAD
The downside prevails.
Pivot (invalidation): 1.3455
Our preference
Short positions below 1.3455 with targets at 1.3415 & 1.3395 in extension.
Alternative scenario
Above 1.3455 look for further upside with 1.3470 & 1.3490 as targets.
Comment
The immediate trend remains down and the momentum is strong.
AUD/USD
Continuation of the rebound.
Pivot (invalidation): 0.6890
Our preference
Long positions above 0.6890 with targets at 0.6935 & 0.6950 in extension.
Alternative scenario
Below 0.6890 look for further downside with 0.6870 & 0.6850 as targets.
Comment
The RSI calls for a rebound.
USD/TRY
Target 6.0890.
Pivot (invalidation): 6.0390
Our preference
Long positions above 6.0390 with targets at 6.0660 & 6.0890 in extension.
Alternative scenario
Below 6.0390 look for further downside with 6.0180 & 6.0000 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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