Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Turning down.
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Pivot (invalidation): 0.9910
Our preference
Short positions below 0.9910 with targets at 0.9880 & 0.9860 in extension.
Alternative scenario
Above 0.9910 look for further upside with 0.9925 & 0.9945 as targets.
Comment
As Long as the resistance at 0.9910 is not surpassed, the risk of the break below 0.9880 remains high.
USD/CAD
Turning up.
Pivot (invalidation): 1.3245
Our preference
Long positions above 1.3245 with targets at 1.3270 & 1.3280 in extension.
Alternative scenario
Below 1.3245 look for further downside with 1.3230 & 1.3215 as targets.
Comment
The RSI is bullish and calls for further upside.
AUD/USD
Aim @ 0.6765.
Pivot (invalidation): 0.6820
Our preference
Short positions below 0.6820 with targets at 0.6785 & 0.6765 in extension.
Alternative scenario
Above 0.6820 look for further upside with 0.6840 & 0.6855 as targets.
Comment
The RSI has broken down its 30 level.
USD/TRY
Bullish bias above 5.7550.
Pivot (invalidation): 5.7550
Our preference
Long positions above 5.7550 with targets at 5.7780 & 5.7870 in extension.
Alternative scenario
Below 5.7550 look for further downside with 5.7440 & 5.7290 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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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