USD/CHF
Aim @ 0.9855.
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Pivot (invalidation): 0.9815
Our preference
Long positions above 0.9815 with targets at 0.9840 & 0.9855 in extension.
Alternative scenario
Below 0.9815 look for further downside with 0.9800 & 0.9790 as targets.
Comment
The RSI lacks downward momentum.
USD/CAD
The downside prevails.
Pivot (invalidation): 1.3255
Our preference
Short positions below 1.3255 with targets at 1.3235 & 1.3225 in extension.
Alternative scenario
Above 1.3255 look for further upside with 1.3270 & 1.3280 as targets.
Comment
The RSI calls for a new downleg.
AUD/USD
Further advance.
Pivot (invalidation): 0.6680
Our preference
Long positions above 0.6680 with targets at 0.6705 & 0.6720 in extension.
Alternative scenario
Below 0.6680 look for further downside with 0.6670 & 0.6660 as targets.
Comment
The RSI is bullish and calls for further advance.
USD/TRY
The upside prevails.
Pivot (invalidation): 6.0540
Our preference
Long positions above 6.0540 with targets at 6.0850 & 6.0950 in extension.
Alternative scenario
Below 6.0540 look for further downside with 6.0440 & 6.0310 as targets.
Comment
A support base at 6.0540 has formed and has allowed for a temporary stabilisation.
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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