USD/CHF
Towards 1.0000.
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Pivot (invalidation): 1.0040
Our preference
Short positions below 1.0040 with targets at 1.0015 & 1.0000 in extension.
Alternative scenario
Above 1.0040 look for further upside with 1.0050 & 1.0065 as targets.
Comment
The RSI has broken down its 30 level.
USD/CAD
1.3270 expected.
Pivot (invalidation): 1.3340
Our preference
Short positions below 1.3340 with targets at 1.3285 & 1.3270 in extension.
Alternative scenario
Above 1.3340 look for further upside with 1.3370 & 1.3390 as targets.
Comment
The RSI is bearish and calls for further downside.
AUD/USD
Turning up.
Pivot (invalidation): 0.7060
Our preference
Long positions above 0.7060 with targets at 0.7100 & 0.7120 in extension.
Alternative scenario
Below 0.7060 look for further downside with 0.7040 & 0.7025 as targets.
Comment
The RSI calls for a new upleg.
USD/TRY
Further upside.
Pivot (invalidation): 5.4570
Our preference
Long positions above 5.4570 with targets at 5.4760 & 5.4890 in extension.
Alternative scenario
Below 5.4570 look for further downside with 5.4480 & 5.4380 as targets.
Comment
The RSI is mixed to bullish.
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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