USDCHF Levels: The upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

The upside prevails.

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Pivot (invalidation): 0.9920

Our preference
Long positions above 0.9920 with targets at 0.9950 & 0.9970 in extension.

Alternative scenario
Below 0.9920 look for further downside with 0.9900 & 0.9890 as targets.

Comment
A support base at 0.9920 has formed and has allowed for a temporary stabilisation.

USD/CAD

The bias remains bullish.

Pivot (invalidation): 1.3025

Our preference
Long positions above 1.3025 with targets at 1.3065 & 1.3095 in extension.

Alternative scenario
Below 1.3025 look for further downside with 1.3000 & 1.2975 as targets.

Comment
The RSI is mixed to bullish.

AUD/USD

Target 0.7355.

Pivot (invalidation): 0.7395

Our preference
Short positions below 0.7395 with targets at 0.7355 & 0.7330 in extension.

Alternative scenario
Above 0.7395 look for further upside with 0.7410 & 0.7430 as targets.

Comment
The RSI advocates for further downside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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