Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Bullish bias above 0.9865.
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Pivot (invalidation): 0.9865
Our preference
Long positions above 0.9865 with targets at 0.9895 & 0.9910 in extension.
Alternative scenario
Below 0.9865 look for further downside with 0.9855 & 0.9835 as targets.
Comment
A support base at 0.9865 has formed and has allowed for a temporary stabilisation.
USD/CAD
The upside prevails.
Pivot (invalidation): 1.3060
Our preference
Long positions above 1.3060 with targets at 1.3100 & 1.3120 in extension.
Alternative scenario
Below 1.3060 look for further downside with 1.3040 & 1.3020 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
AUD/USD
The downside prevails.
Pivot (invalidation): 0.7025
Our preference
Short positions below 0.7025 with targets at 0.6985 & 0.6970 in extension.
Alternative scenario
Above 0.7025 look for further upside with 0.7045 & 0.7060 as targets.
Comment
The RSI shows downside momentum.
USD/TRY
Range.
Pivot (invalidation): 5.7200
Our preference
Short positions below 5.7200 with targets at 5.6950 & 5.6790 in extension.
Alternative scenario
Above 5.7200 look for further upside with 5.7330 & 5.7580 as targets.
Comment
The upward potential is likely to be limited by the resistance at 5.7200.
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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