USD/CHF
Bullish bias above 0.9920
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 0.9920
Our preference
Long positions above 0.9920 with targets at 0.9945 & 0.9960 in extension.
Alternative scenario
Below 0.9920 look for further downside with 0.9905 & 0.9885 as targets.
Comment
A support base at 0.9920 has formed and has allowed for a temporary stabilisation.
USD/CAD
Towards 1.3160
Pivot (invalidation): 1.3200
Our preference
Short positions below 1.3200 with targets at 1.3175 & 1.3160 in extension.
Alternative scenario
Above 1.3200 look for further upside with 1.3215 & 1.3230 as targets.
Comment
The RSI shows downside momentum.
AUD/USD
The upside prevails
Pivot (invalidation): 0.6855
Our preference
Long positions above 0.6855 with targets at 0.6885 & 0.6900 in extension.
Alternative scenario
Below 0.6855 look for further downside with 0.6845 & 0.6835 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
USD/TRY
Rebound expected
Pivot (invalidation): 5.7400
Our preference
Long positions above 5.7400 with targets at 5.7700 & 5.7910 in extension.
Alternative scenario
Below 5.7400 look for further downside with 5.7210 & 5.7000 as targets.
Comment
The RSI calls for a rebound.
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.
Recommended Content
Editors’ Picks
EUR/USD flirts with 1.0700 post-US PMIs
EUR/USD maintains its daily gains and climbs to fresh highs near the 1.0700 mark against the backdrop of the resumption of the selling pressure in the Greenback, in the wake of weaker-than-expected flash US PMIs for the month of April.
GBP/USD surpasses 1.2400 on further Dollar selling
Persistent bearish tone in the US Dollar lends support to the broad risk complex and bolsters the recovery in GBP/USD, which manages well to rise to fresh highs north of 1.2400 the figure post-US PMIs.
Gold trims losses on disappointing US PMIs
Gold (XAU/USD) reclaims part of the ground lost and pares initial losses on the back of further weakness in the Greenback following disheartening US PMIs prints.
Here’s why Ondo price hit new ATH amid bearish market outlook Premium
Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.
Germany’s economic come back
Germany is the sick man of Europe no more. Thanks to its service sector, it now appears that it will exit recession, and the economic future could be bright. The PMI data for April surprised on the upside for Germany, led by the service sector.