Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Rebound expected.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1.0005
Our preference
Long positions above 1.0005 with targets at 1.0040 & 1.0060 in extension.
Alternative scenario
Below 1.0005 look for further downside with 0.9990 & 0.9970 as targets.
Comment
The RSI calls for a new upleg.
USD/CAD
Rebound expected.
Pivot (invalidation): 1.3425
Our preference
Long positions above 1.3425 with targets at 1.3465 & 1.3480 in extension.
Alternative scenario
Below 1.3425 look for further downside with 1.3410 & 1.3390 as targets.
Comment
The RSI calls for a rebound.
AUD/USD
The upside prevails.
Pivot (invalidation): 0.6915
Our preference
Long positions above 0.6915 with targets at 0.6950 & 0.6960 in extension.
Alternative
scenario Below 0.6915 look for further downside with 0.6900 & 0.6880 as targets.
Comment
The break above 0.6915 is a positive signal that has opened a path to 0.6950.
USD/TRY
Under pressure.
Pivot (invalidation): 6.1030
Our preference
Short positions below 6.1030 with targets at 6.0650 & 6.0420 in extension.
Alternative scenario
Above 6.1030 look for further upside with 6.1280 & 6.1500 as targets.
Comment
A break below 6.0650 would trigger a drop towards 6.0420.
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.
Recommended Content
Editors’ Picks
EUR/USD holds gains above 1.0700, as key US data loom
EUR/USD holds gains above 1.0700 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data.
GBP/USD extends recovery above 1.2500, awaits US GDP data
GBP/USD is catching a fresh bid wave, rising above 1.2500 in European trading on Thursday. The US Dollar resumes its corrective downside, as traders resort to repositioning ahead of the high-impact US advance GDP data for the first quarter.
Gold price edges higher amid weaker USD and softer risk tone, focus remains on US GDP
Gold price (XAU/USD) attracts some dip-buying in the vicinity of the $2,300 mark on Thursday and for now, seems to have snapped a three-day losing streak, though the upside potential seems limited.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4
The United States Gross Domestic Product (GDP) is seen expanding at an annualized rate of 2.5% in Q1. The current resilience of the US economy bolsters the case for a soft landing.