USDCHF Levels: Target 0.9975

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Target 0.9975.

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Pivot (invalidation): 0.9930

Our preference
Long positions above 0.9930 with targets at 0.9975 & 0.9995 in extension.

Alternative scenario
Below 0.9930 look for further downside with 0.9915 & 0.9895 as targets.

Comment
The RSI calls for a new upleg.

USD/CAD

Key resistance at 1.3090.

Pivot (invalidation): 1.3090

Our preference
Short positions below 1.3090 with targets at 1.3040 & 1.3015 in extension.

Alternative scenario
Above 1.3090 look for further upside with 1.3120 & 1.3150 as targets.

Comment
As Long as the resistance at 1.3090 is not surpassed, the risk of the break below 1.3040 remains high.

AUD/USD

The downside prevails.

Pivot (invalidation): 0.7250

Our preference
Short positions below 0.7250 with targets at 0.7180 & 0.7160 in extension.

Alternative scenario
Above 0.7250 look for further upside with 0.7290 & 0.7325 as targets.

Comment
The RSI has broken down its 30 level.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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