Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Further advance.
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Pivot (invalidation): 0.9680
Our preference
Long positions above 0.9680 with targets at 0.9715 & 0.9735 in extension.
Alternative scenario
Below 0.9680 look for further downside with 0.9665 & 0.9655 as targets.
Comment
The RSI is bullish and calls for further advance.
USD/CAD
The bias remains bullish.
Pivot (invalidation): 1.3070
Our preference
Long positions above 1.3070 with targets at 1.3095 & 1.3105 in extension.
Alternative scenario
Below 1.3070 look for further downside with 1.3060 & 1.3045 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
AUD/USD
Key resistance at 0.6855.
Pivot (invalidation): 0.6855
Our preference
Short positions below 0.6855 with targets at 0.6820 & 0.6800 in extension.
Alternative scenario
Above 0.6855 look for further upside with 0.6875 & 0.6890 as targets.
Comment
As Long as the resistance at 0.6855 is not surpassed, the risk of the break below 0.6820 remains high.
USD/TRY
Further advance.
Pivot (invalidation): 5.9200
Our preference
Long positions above 5.9200 with targets at 5.9450 & 5.9600 in extension.
Alternative scenario
Below 5.9200 look for further downside with 5.9070 & 5.8960 as targets.
Comment
The break above 5.9200 is a positive signal that has opened a path to 5.9450.
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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