Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF: 0.9435 expected
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Pivot (invalidation): 0.9495
Our preference
Short positions below 0.9495 with targets at 0.9460 & 0.9435 in extension.
Alternative scenario
Above 0.9495 look for further upside with 0.9510 & 0.9525 as targets.
Comment
A break below 0.9460 would trigger a drop towards 0.9435.
USD/CAD: Key resistance at 1.3550
Pivot (invalidation): 1.3550
Our preference
Short positions below 1.3550 with targets at 1.3495 & 1.3480 in extension.
Alternative scenario
Above 1.3550 look for further upside with 1.3570 & 1.3590 as targets.
Comment
As Long as the resistance at 1.3550 is not surpassed, the risk of the break below 1.3495 remains high.
AUD/USD: Rebound
Pivot (invalidation): 0.6900
Our preference
Long positions above 0.6900 with targets at 0.6935 & 0.6960 in extension.
Alternative scenario
Below 0.6900 look for further downside with 0.6855 & 0.6835 as targets.
Comment
The break above 0.6900 is a positive signal that has opened a path to 0.6935.
USD/TRY: Bullish bias above 6.8350
Pivot (invalidation): 6.8350
Our preference
Long positions above 6.8350 with targets at 6.8580 & 6.8720 in extension.
Alternative scenario
Below 6.8350 look for further downside with 6.8250 & 6.8140 as targets.
Comment
A support base at 6.8350 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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