Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Turning up.
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Pivot (invalidation): 0.9715
Our preference
Long positions above 0.9715 with targets at 0.9785 & 0.9810 in extension.
Alternative scenario
Below 0.9715 look for further downside with 0.9695 & 0.9670 as targets.
Comment
The RSI calls for a new upleg.
USD/CAD
Under pressure.
Pivot (invalidation): 1.3320
Our preference
Short positions below 1.3320 with targets at 1.3275 & 1.3260 in extension.
Alternative scenario
Above 1.3320 look for further upside with 1.3340 & 1.3355 as targets.
Comment
The RSI lacks upward momentum.
AUD/USD
Continuation of the rebound.
Pivot (invalidation): 0.6715
Our preference
Long positions above 0.6715 with targets at 0.6755 & 0.6775 in extension.
Alternative scenario
Below 0.6715 look for further downside with 0.6685 & 0.6660 as targets.
Comment
The RSI calls for a rebound.
USD/TRY
Bullish bias above 5.7800.
Pivot (invalidation): 5.7800
Our preference
Long positions above 5.7800 with targets at 5.8350 & 5.8650 in extension.
Alternative scenario
Below 5.7800 look for further downside with 5.7400 & 5.7010 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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