Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Rebound expected.
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Pivot (invalidation): 0.9905
Our preference
Long positions above 0.9905 with targets at 0.9935 & 0.9955 in extension.
Alternative scenario
Below 0.9905 look for further downside with 0.9885 & 0.9870 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.
USD/CAD
The upside prevails.
Pivot (invalidation): 1.3290
Our preference
Long positions above 1.3290 with targets at 1.3320 & 1.3335 in extension.
Alternative scenario
Below 1.3290 look for further downside with 1.3280 & 1.3270 as targets.
Comment
The RSI lacks downward momentum.
AUD/USD
Further upside.
Pivot (invalidation): 0.6815
Our preference
Long positions above 0.6815 with targets at 0.6855 & 0.6875 in extension.
Alternative scenario
Below 0.6815 look for further downside with 0.6795 & 0.6780 as targets.
Comment
The RSI calls for a new upleg.
USD/TRY
Under pressure.
Pivot (invalidation): 5.7500
Our preference
Short positions below 5.7500 with targets at 5.7300 & 5.7180 in extension.
Alternative scenario
Above 5.7500 look for further upside with 5.7640 & 5.7720 as targets.
Comment
As Long as the resistance at 5.7500 is not surpassed, the risk of the break below 5.7300 remains high.
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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