Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF: Turning up
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Pivot (invalidation): 0.9100
Our preference
Long positions above 0.9100 with targets at 0.9135 & 0.9160 in extension.
Alternative scenario
Below 0.9100 look for further downside with 0.9080 & 0.9060 as targets.
Comment
The RSI calls for a new upleg.
USD/CAD: The downside prevails
Pivot (invalidation): 1.3195
Our preference
Short positions below 1.3195 with targets at 1.3155 & 1.3135 in extension.
Alternative scenario
Above 1.3195 look for further upside with 1.3215 & 1.3235 as targets.
Comment
The RSI lacks upward momentum.
AUD/USD: Bullish bias above 0.7150
Pivot (invalidation): 0.7150
Our preference
Long positions above 0.7150 with targets at 0.7180 & 0.7195 in extension.
Alternative scenario
Below 0.7150 look for further downside with 0.7135 & 0.7120 as targets.
Comment
A support base at 0.7150 has formed and has allowed for a temporary stabilisation.
USD/TRY: Key resistance at 7.3490
Pivot (invalidation): 7.3490
Our preference
Short positions below 7.3490 with targets at 7.2730 & 7.2420 in extension.
Alternative scenario
Above 7.3490 look for further upside with 7.3800 & 7.4000 as targets.
Comment
The upward potential is likely to be limited by the resistance at 7.3490.
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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