USDCHF Levels: Caution

Swissquote Bank Research Team Swissquote Bank Ltd

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.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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