USDCHF Levels: The bias remains bullish

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

The bias remains bullish.

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Pivot (invalidation): 1.0000

Our preference
Long positions above 1.0000 with targets at 1.0030 & 1.0060 in extension.

Alternative scenario
Below 1.0000 look for further downside with 0.9970 & 0.9940 as targets.

Comment
The RSI is mixed with a bullish bias.

USD/CAD

Under pressure.

Pivot (invalidation): 1.3190

Our preference
Short positions below 1.3190 with targets at 1.3135 & 1.3115 in extension.

Alternative scenario
Above 1.3190 look for further upside with 1.3220 & 1.3240 as targets.

Comment
The RSI is capped by a declining trend line.

AUD/USD

Further advance.

Pivot (invalidation): 0.7390

Our preference
Long positions above 0.7390 with targets at 0.7430 & 0.7445 in extension.

Alternative scenario
Below 0.7390 look for further downside with 0.7375 & 0.7360 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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