Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Key resistance at 0.9915.
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Pivot (invalidation): 0.9915
Our preference
Short positions below 0.9915 with targets at 0.9880 & 0.9865 in extension.
Alternative scenario
Above 0.9915 look for further upside with 0.9930 & 0.9945 as targets.
Comment
As Long as the resistance at 0.9915 is not surpassed, the risk of the break below 0.9880 remains high.
USD/CAD
Aim @ 1.3245.
Pivot (invalidation): 1.3200
Our preference
Long positions above 1.3200 with targets at 1.3225 & 1.3245 in extension.
Alternative scenario
Below 1.3200 look for further downside with 1.3175 & 1.3160 as targets.
Comment
The RSI is bullish and calls for further upside.
AUD/USD
Key resistance at 0.6875.
Pivot (invalidation): 0.6875
Our preference
Short positions below 0.6875 with targets at 0.6855 & 0.6845 in extension.
Alternative scenario
Above 0.6875 look for further upside with 0.6885 & 0.6895 as targets.
Comment
The upward potential is likely to be limited by the resistance at 0.6875.
USD/TRY
5.6350 expected.
Pivot (invalidation): 5.6750
Our preference
Short positions below 5.6750 with targets at 5.6480 & 5.6350 in extension.
Alternative scenario
Above 5.6750 look for further upside with 5.6920 & 5.7130 as targets.
Comment
A break below 5.6480 would trigger a drop towards 5.6350.
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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