USD/CHF: Towards 0.9080
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 0.9120
Our preference
Short positions below 0.9120 with targets at 0.9095 & 0.9080 in extension.
Alternative scenario
Above 0.9120 look for further upside with 0.9135 & 0.9150 as targets.
Comment
A break below 0.9095 would trigger a drop towards 0.9080.
USD/CAD: Watch 1.2960
Pivot (invalidation): 1.3030
Our preference
Short positions below 1.3030 with targets at 1.2985 & 1.2960 in extension.
Alternative scenario
Above 1.3030 look for further upside with 1.3055 & 1.3080 as targets.
Comment
A break below 1.2985 would trigger a drop towards 1.2960.
AUD/USD: The bias remains bullish
Pivot (invalidation): 0.7340
Our preference
Long positions above 0.7340 with targets at 0.7370 & 0.7385 in extension.
Alternative scenario
Below 0.7340 look for further downside with 0.7325 & 0.7310 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/TRY: Further upside
Pivot (invalidation): 7.9390
Our preference
Long positions above 7.9390 with targets at 8.0310 & 8.0840 in extension.
Alternative scenario
Below 7.9390 look for further downside with 7.8600 & 7.8000 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
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.
Recommended Content
Editors’ Picks
EUR/USD steady below 1.0800 after US PCE meets expectations
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair barely reacted to US PCE inflation data, with the Greenback shedding some pips. Fed Chair Jerome Powell set to speak ahead of the weekly close.
GBP/USD hovers around 1.2620 in dull trading
GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next.
Gold price sits at all-time highs above $2,230
Gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday. Most major world markets remain closed, although the United States published core PCE inflation, the Federal Reserve’s favorite inflation gauge.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.