Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Limited upside.
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Pivot (invalidation): 1.0010
Our preference
Long positions above 1.0010 with targets at 1.0045 & 1.0060 in extension.
Alternative scenario
Below 1.0010 look for further downside with 0.9990 & 0.9975 as targets.
Comment
A support base at 1.0010 has formed and has allowed for a temporary stabilisation.
USD/CAD
Caution.
Pivot (invalidation): 1.3355
Our preference
Long positions above 1.3355 with targets at 1.3390 & 1.3405 in extension.
Alternative scenario
Below 1.3355 look for further downside with 1.3335 & 1.3310 as targets.
Comment
Intraday technical indicators are mixed and call for caution.
AUD/USD
Key resistance at 0.7135.
Pivot (invalidation): 0.7135
Our preference
Short positions below 0.7135 with targets at 0.7110 & 0.7090 in extension.
Alternative scenario
Above 0.7135 look for further upside with 0.7150 & 0.7165 as targets.
Comment
The upward potential is likely to be limited by the resistance at 0.7135.
USD/TRY
The upside prevails.
Pivot (invalidation): 5.7200
Our preference
Long positions above 5.7200 with targets at 5.7550 & 5.7750 in extension.
Alternative scenario
Below 5.7200 look for further downside with 5.7000 & 5.6730 as targets.
Comment
The RSI advocates 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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