Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Caution.
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Pivot (invalidation): 0.9935
Our preference
Long positions above 0.9935 with targets at 0.9955 & 0.9975 in extension.
Alternative scenario
Below 0.9935 look for further downside with 0.9920 & 0.9905 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/CAD
Towards 1.3210.
Pivot (invalidation): 1.3165
Our preference
Long positions above 1.3165 with targets at 1.3200 & 1.3210 in extension.
Alternative scenario
Below 1.3165 look for further downside with 1.3150 & 1.3135 as targets.
Comment
The RSI calls for a bounce.
AUD/USD
Watch 0.6860.
Pivot (invalidation): 0.6895
Our preference
Short positions below 0.6895 with targets at 0.6870 & 0.6860 in extension.
Alternative scenario
Above 0.6895 look for further upside with 0.6915 & 0.6930 as targets.
Comment
The RSI advocates for further decline.
USD/TRY
Target 5.7810.
Pivot (invalidation): 5.7390
Our preference
Long positions above 5.7390 with targets at 5.7700 & 5.7810 in extension.
Alternative scenario
Below 5.7390 look for further downside with 5.7250 & 5.7090 as targets.
Comment
The RSI advocates for further advance.
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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