USD/CHF intraday: Continuation of the rebound

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.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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