Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Watch 1.0070.
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Pivot (invalidation): 1.0020
Our preference
Long positions above 1.0020 with targets at 1.0050 & 1.0070 in extension.
Alternative scenario
Below 1.0020 look for further downside with 0.9990 & 0.9965 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/CAD
The upside prevails.
Pivot (invalidation): 1.3090
Our preference
Long positions above 1.3090 with targets at 1.3120 & 1.3140 in extension.
Alternative scenario
Below 1.3090 look for further downside with 1.3065 & 1.3045 as targets.
Comment
The RSI lacks downward momentum.
AUD/USD
Under pressure.
Pivot (invalidation): 0.7210
Our preference
Short positions below 0.7210 with targets at 0.7180 & 0.7160 in extension.
Alternative scenario
Above 0.7210 look for further upside with 0.7230 & 0.7260 as targets.
Comment
The RSI is bearish and calls for further downside.
USD/TRY
Rebound expected.
Pivot (invalidation): 5.4160
Our preference
Long positions above 5.4160 with targets at 5.4760 & 5.5070 in extension.
Alternative scenario
Below 5.4160 look for further downside with 5.3875 & 5.3535 as targets.
Comment
The RSI calls for a rebound.
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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