Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Target 1.0080.
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Pivot (invalidation): 1.0035
Our preference
Long positions above 1.0035 with targets at 1.0060 & 1.0080 in extension.
Alternative scenario
Below 1.0035 look for further downside with 1.0015 & 1.0005 as targets.
Comment
The RSI calls for a new upleg.
USD/CAD
Turning up.
Pivot (invalidation): 1.3230
Our preference
Long positions above 1.3230 with targets at 1.3275 & 1.3295 in extension.
Alternative scenario
Below 1.3230 look for further downside with 1.3210 & 1.3190 as targets.
Comment
The RSI calls for a rebound.
AUD/USD
Target 0.7080.
Pivot (invalidation): 0.7135
Our preference
Short positions below 0.7135 with targets at 0.7095 & 0.7080 in extension.
Alternative scenario
Above 0.7135 look for further upside with 0.7160 & 0.7175 as targets.
Comment
The RSI has broken down its 30 level.
USD/TRY
Further upside.
Pivot (invalidation): 5.2900
Our preference
Long positions above 5.2900 with targets at 5.3170 & 5.3330 in extension.
Alternative scenario
Below 5.2900 look for further downside with 5.2700 & 5.2550 as targets.
Comment
The RSI advocates for further upside.
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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