USD/CHF intraday: Bullish bias above 0.9405

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF: Bullish bias above 0.9405

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Pivot (invalidation): 0.9405

Our preference
Long positions above 0.9405 with targets at 0.9440 & 0.9450 in extension.

Alternative scenario
Below 0.9405 look for further downside with 0.9395 & 0.9385 as targets.

Comment
The RSI lacks downward momentum.

USD/CAD: Further advance

Pivot (invalidation): 1.3580

Our preference
Long positions above 1.3580 with targets at 1.3650 & 1.3680 in extension.

Alternative scenario
Below 1.3580 look for further downside with 1.3555 & 1.3535 as targets.

Comment
The RSI is bullish and calls for further advance.

AUD/USD: Under pressure

Pivot (invalidation): 0.6950

Our preference
Short positions below 0.6950 with targets at 0.6920 & 0.6910 in extension.

Alternative scenario
Above 0.6950 look for further upside with 0.6965 & 0.6980 as targets.

Comment
As Long as 0.6950 is resistance, look for choppy price action with a bearish bias.

USD/TRY: Under pressure

Pivot (invalidation): 6.8680

Our preference
Short positions below 6.8680 with targets at 6.8500 & 6.8400 in extension.

Alternative scenario
Above 6.8680 look for further upside with 6.8750 & 6.8820 as targets.

Comment
As Long as the resistance at 6.8680 is not surpassed, the risk of the break below 6.8500 remains high.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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