Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF: Continuation of the rebound
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Pivot (invalidation): 0.9105
Our preference
Long positions above 0.9105 with targets at 0.9150 & 0.9165 in extension.
Alternative scenario
Below 0.9105 look for further downside with 0.9085 & 0.9065 as targets.
Comment
The RSI is bullish and calls for further advance.
USD/CAD: Target 1.3265
Pivot (invalidation): 1.3200
Our preference
Long positions above 1.3200 with targets at 1.3240 & 1.3265 in extension.
Alternative scenario
Below 1.3200 look for further downside with 1.3175 & 1.3150 as targets.
Comment
The RSI is bullish and calls for further upside.
AUD/USD: The downside prevails
Pivot (invalidation): 0.7290
Our preference
Short positions below 0.7290 with targets at 0.7250 & 0.7230 in extension.
Alternative scenario
Above 0.7290 look for further upside with 0.7310 & 0.7340 as targets.
Comment
The immediate trend remains down and the momentum is strong.
USD/TRY: Bullish bias above 7.4730
Pivot (invalidation): 7.4730
Our preference
Long positions above 7.4730 with targets at 7.5210 & 7.5400 in extension.
Alternative scenario
Below 7.4730 look for further downside with 7.4560 & 7.4410 as targets.
Comment
A support base at 7.4730 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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