USD/CHF
Caution.
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Pivot (invalidation): 0.9925
Our preference
Long positions above 0.9925 with targets at 0.9960 & 0.9975 in extension.
Alternative scenario
Below 0.9925 look for further downside with 0.9910 & 0.9895 as targets.
Comment
Intraday technical indicators are mixed and call for caution.
USD/CAD
1.3170 in sight.
Pivot (invalidation): 1.3120
Our preference
Long positions above 1.3120 with targets at 1.3170 & 1.3200 in extension.
Alternative scenario
Below 1.3120 look for further downside with 1.3070 & 1.3035 as targets.
Comment
The RSI lacks downward momentum.
AUD/USD
The downside prevails.
Pivot (invalidation): 0.7305
Our preference
Short positions below 0.7305 with targets at 0.7250 & 0.7225 in extension.
Alternative scenario
Above 0.7305 look for further upside with 0.7325 & 0.7360 as targets.
Comment
The RSI lacks upward momentum.
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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