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.
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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