Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Further advance.
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Pivot (invalidation): 1.0025
Our preference
Long positions above 1.0025 with targets at 1.0060 & 1.0085 in extension.
Alternative scenario
Below 1.0025 look for further downside with 1.0010 & 0.9995 as targets.
Comment
The break above 1.0025 is a positive signal that has opened a path to 1.0060.
USD/CAD
Further upside.
Pivot (invalidation): 1.3360
Our preference
Long positions above 1.3360 with targets at 1.3420 & 1.3450 in extension.
Alternative scenario
Below 1.3360 look for further downside with 1.3340 & 1.3320 as targets.
Comment
The break above 1.3360 is a positive signal that has opened a path to 1.3420.
AUD/USD
Turning down.
Pivot (invalidation): 0.7165
Our preference
Short positions below 0.7165 with targets at 0.7125 & 0.7115 in extension.
Alternative scenario
Above 0.7165 look for further upside with 0.7180 & 0.7190 as targets.
Comment
The RSI calls for a new downleg.
USD/TRY
Further advance.
Pivot (invalidation): 5.7830
Our preference
Long positions above 5.7830 with targets at 5.8230 & 5.8460 in extension.
Alternative scenario
Below 5.7830 look for further downside with 5.7500 & 5.7290 as targets.
Comment
The RSI lacks downward momentum.
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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