Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Key resistance at 0.9890.
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Pivot (invalidation): 0.9890
Our preference
Short positions below 0.9890 with targets at 0.9860 & 0.9850 in extension.
Alternative scenario
Above 0.9890 look for further upside with 0.9910 & 0.9925 as targets.
Comment
The upward potential is likely to be limited by the resistance at 0.9890.
USD/CAD
Key resistance at 1.3245.
Pivot (invalidation): 1.3245
Our preference
Short positions below 1.3245 with targets at 1.3205 & 1.3175 in extension.
Alternative scenario
Above 1.3245 look for further upside with 1.3280 & 1.3300 as targets.
Comment
As Long as the resistance at 1.3245 is not surpassed, the risk of the break below 1.3205 remains high.
AUD/USD
Under pressure.
Pivot (invalidation): 0.6890
Our preference
Short positions below 0.6890 with targets at 0.6860 & 0.6845 in extension.
Alternative scenario
Above 0.6890 look for further upside with 0.6900 & 0.6910 as targets.
Comment
As Long as 0.6890 is resistance, look for choppy price action with a bearish bias.
USD/TRY
Continuation of the rebound.
Pivot (invalidation): 5.6950
Our preference
Long positions above 5.6950 with targets at 5.7620 & 5.7900 in extension.
Alternative scenario
Below 5.6950 look for further downside with 5.6740 & 5.6480 as targets.
Comment
The RSI is bullish and calls for further upside.
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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