Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Turning up.
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Pivot (invalidation): 0.9500
Our preference
Long positions above 0.9500 with targets at 0.9560 & 0.9600 in extension.
Alternative scenario
Below 0.9500 look for further downside with 0.9470 & 0.9440 as targets.
Comment
The RSI calls for a new upleg.
USD/CAD
The upside prevails.
Pivot (invalidation): 1.4000
Our preference
Long positions above 1.4000 with targets at 1.4085 & 1.4155 in extension.
Alternative scenario
Below 1.4000 look for further downside with 1.3920 & 1.3850 as targets.
Comment
The break above 1.4000 is a positive signal that has opened a path to 1.4085.
AUD/USD
Under pressure.
Pivot (invalidation): 0.6200
Our preference
Short positions below 0.6200 with targets at 0.6110 & 0.6055 in extension.
Alternative scenario
Above 0.6200 look for further upside with 0.6250 & 0.6300 as targets.
Comment
The RSI shows downside momentum.
USD/TRY
Towards 6.5040.
Pivot (invalidation): 6.4450
Our preference
Long positions above 6.4450 with targets at 6.4840 & 6.5040 in extension.
Alternative scenario
Below 6.4450 look for further downside with 6.4290 & 6.4160 as targets.
Comment
The RSI is bullish and calls for further upside.
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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