USD/CHF: The downside prevails




Stay on top of the markets with Swissquote’s News & Analysis


Pivot (invalidation): 0.9155

Our preference
Short positions below 0.9155 with targets at 0.9095 & 0.9070 in extension.

Alternative scenario
Above 0.9155 look for further upside with 0.9185 & 0.9225 as targets.

As Long as 0.9155 is resistance, look for choppy price action with a bearish bias.


USD/CAD: Watch 1.3300


Pivot (invalidation): 1.3360

Our preference
Short positions below 1.3360 with targets at 1.3320 & 1.3300 in extension.

Alternative scenario
Above 1.3360 look for further upside with 1.3375 & 1.3400 as targets.

As Long as the resistance at 1.3360 is not surpassed, the risk of the break below 1.3320 remains high.


AUD/USD: Bullish bias above 0.7160


Pivot (invalidation): 0.7160

Our preference
Long positions above 0.7160 with targets at 0.7195 & 0.7220 in extension.

Alternative scenario
Below 0.7160 look for further downside with 0.7145 & 0.7125 as targets.

A support base at 0.7160 has formed and has allowed for a temporary stabilisation.


USD/TRY: Turning down


Pivot (invalidation): 7.0000

Our preference
Short positions below 7.0000 with targets at 6.9480 & 6.9170 in extension.

Alternative scenario
Above 7.0000 look for further upside with 7.0250 & 7.0500 as targets.

The RSI is bearish and calls for further downside.

This report has been prepared by AC Markets 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 AC Markets personnel at any given time. ACM 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.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis

Latest Forex Analysis

Editors’ Picks

AUD/USD weaker ahead of RBA’s monetary policy decision

The Aussie is weak, despite receding dollar’s demand and the robust performance of US indexes. Coronavirus developments hit the commodity-linked currency ahead of the RBA.


Gold: This just might be as good as it gets for gold

The price of gold is trading at $1,975 within a range of between $1,960.54 and $1,986.76 at the time of writing, virtually flat on the day in consolidation having eeked out a fresh all-time high.

Gold News

USD/JPY struggling to retain the 106.00 level

The USD/JPY pair traded as high as 106.46 on Monday but struggles to retain gains above the 106.00 level amid lack of dollar’s demand.


Ethereum on its way to regaining $400 while BNB hit a new high at $22.5

BTC/USD is more stable than other coins right now but has been able to recover from its crash towards $10,500. It is currently trading at $11,369 and faces very little resistance until $14,000.

Read more

WTI drops below $40 on demand worries, OPEC+ output increase

Crude oil prices posted losses last week and seem to be struggling to shake off the bearish pressure on Monday. As of writing, the barrel of West Texas Intermediate (WTI) was trading at $39.85, losing 1.5% on a daily basis.

Oil News

Forex Majors