USD/CAD levels: Towards 1.3100

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Key resistance at 0.9945.

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Pivot (invalidation): 0.9945

Our preference
Short positions below 0.9945 with targets at 0.9925 & 0.9910 in extension.

Alternative scenario
Above 0.9945 look for further upside with 0.9960 & 0.9975 as targets.

Comment
The upward potential is likely to be limited by the resistance at 0.9945.

USD/CAD

Towards 1.3100.

Pivot (invalidation): 1.3145

Our preference
Short positions below 1.3145 with targets at 1.3100 & 1.3070 in extension.

Alternative scenario
Above 1.3145 look for further upside with 1.3170 & 1.3200 as targets.

Comment
A break below 1.3100 would trigger a drop towards 1.3070.

AUD/USD

Key resistance at 0.7290.

Pivot (invalidation): 0.7290

Our preference
Short positions below 0.7290 with targets at 0.7250 & 0.7225 in extension.

Alternative scenario
Above 0.7290 look for further upside with 0.7325 & 0.7360 as targets.

Comment
As Long as 0.7290 is resistance, look for choppy price action with a bearish bias.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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