Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Further advance.
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Pivot (invalidation): 1.0040
Our preference
Long positions above 1.0040 with targets at 1.0095 & 1.0120 in extension.
Alternative scenario
Below 1.0040 look for further downside with 1.0010 & 0.9985 as targets.
Comment
The RSI advocates for further advance.
USD/CAD
Further upside.
Pivot (invalidation): 1.3145
Our preference
Long positions above 1.3145 with targets at 1.3210 & 1.3230 in extension.
Alternative scenario
Below 1.3145 look for further downside with 1.3125 & 1.3100 as targets.
Comment
The RSI advocates for further upside.
AUD/USD
Under pressure.
Pivot (invalidation): 0.7260
Our preference
Short positions below 0.7260 with targets at 0.7230 & 0.7210 in extension.
Alternative scenario
Above 0.7260 look for further upside with 0.7275 & 0.7300 as targets.
Comment
The RSI advocates for further downside.
USD/TRY
Continuation of the rebound.
Pivot (invalidation): 5.4350
Our preference
Long positions above 5.4350 with targets at 5.4950 & 5.5200 in extension.
Alternative scenario
Below 5.4350 look for further downside with 5.3960 & 5.3550 as targets.
Comment
The RSI calls for a new upleg.
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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