Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Turning up.
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Pivot (invalidation): 0.9750
Our preference
Long positions above 0.9750 with targets at 0.9790 & 0.9805 in extension.
Alternative scenario
Below 0.9750 look for further downside with 0.9730 & 0.9720 as targets.
Comment
The RSI is bullish and calls for further advance.
USD/CAD
Under pressure.
Pivot (invalidation): 1.3295
Our preference
Short positions below 1.3295 with targets at 1.3265 & 1.3250 in extension.
Alternative scenario
Above 1.3295 look for further upside with 1.3305 & 1.3315 as targets.
Comment
The RSI lacks upward momentum.
AUD/USD
Key resistance at 0.6620.
Pivot (invalidation): 0.6620
Our preference
Short positions below 0.6620 with targets at 0.6580 & 0.6560 in extension.
Alternative scenario
Above 0.6620 look for further upside with 0.6640 & 0.6655 as targets.
Comment
As Long as the resistance at 0.6620 is not surpassed, the risk of the break below 0.6580 remains high.
USD/TRY
The upside prevails.
Pivot (invalidation): 6.1350
Our preference
Long positions above 6.1350 with targets at 6.1580 & 6.1700 in extension.
Alternative scenario
Below 6.1350 look for further downside with 6.1230 & 6.1120 as targets.
Comment
A support base at 6.1350 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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