Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF: Key resistance at 0.9470
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Pivot (invalidation): 0.9470
Our preference
Short positions below 0.9470 with targets at 0.9445 & 0.9435 in extension.
Alternative scenario
Above 0.9470 look for further upside with 0.9490 & 0.9505 as targets.
Comment
The upward potential is likely to be limited by the resistance at 0.9470.
USD/CAD: Watch 1.3640
Pivot (invalidation): 1.3570
Our preference
Long positions above 1.3570 with targets at 1.3615 & 1.3640 in extension.
Alternative scenario
Below 1.3570 look for further downside with 1.3545 & 1.3530 as targets.
Comment
The RSI calls for a new upleg.
AUD/USD: Key resistance at 0.6930
Pivot (invalidation): 0.6930
Our preference
Short positions below 0.6930 with targets at 0.6900 & 0.6880 in extension.
Alternative scenario
Above 0.6930 look for further upside with 0.6945 & 0.6960 as targets.
Comment
As Long as the resistance at 0.6930 is not surpassed, the risk of the break below 0.6900 remains high.
USD/TRY: Under pressure
Pivot (invalidation): 6.8550
Our preference
Short positions below 6.8550 with targets at 6.8350 & 6.8250 in extension.
Alternative scenario
Above 6.8550 look for further upside with 6.8620 & 6.8720 as targets.
Comment
A break below 6.8350 would trigger a drop towards 6.8250.
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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