Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Rebound.
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Pivot (invalidation): 0.9865
Our preference
Long positions above 0.9865 with targets at 0.9910 & 0.9925 in extension.
Alternative scenario
Below 0.9865 look for further downside with 0.9850 & 0.9835 as targets.
Comment
The RSI shows upside momentum.
USD/CAD
Under pressure.
Pivot (invalidation): 1.3210
Our preference
Short positions below 1.3210 with targets at 1.3160 & 1.3135 in extension.
Alternative scenario
Above 1.3210 look for further upside with 1.3230 & 1.3250 as targets.
Comment
The RSI is mixed to bearish.
AUD/USD
The downside prevails.
Pivot (invalidation): 0.6855
Our preference
Short positions below 0.6855 with targets at 0.6810 & 0.6790 in extension.
Alternative scenario
Above 0.6855 look for further upside with 0.6875 & 0.6885 as targets.
Comment
The RSI shows downside momentum.
USD/TRY
Turning up.
Pivot (invalidation): 5.7420
Our preference
Long positions above 5.7420 with targets at 5.7800 & 5.7910 in extension.
Alternative scenario
Below 5.7420 look for further downside with 5.7330 & 5.7260 as targets.
Comment
The RSI calls for a new upleg.
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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