USD/CHF Intraday: bullish bias above 0.9920

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Bullish bias above 0.9920

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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.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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