Swissquote Bank Research Team
Swissquote Bank Ltd
USD/CHF
Key resistance at 0.9815.
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Pivot (invalidation): 0.9815
Our preference
Short positions below 0.9815 with targets at 0.9790 & 0.9775 in extension.
Alternative scenario
Above 0.9815 look for further upside with 0.9830 & 0.9845 as targets.
Comment
As Long as the resistance at 0.9815 is not surpassed, the risk of the break below 0.9790 remains high.
USD/CAD
Rebound expected.
Pivot (invalidation): 1.3145
Our preference
Long positions above 1.3145 with targets at 1.3185 & 1.3200 in extension.
Alternative scenario
Below 1.3145 look for further downside with 1.3125 & 1.3110 as targets.
Comment
The RSI calls for a rebound.
AUD/USD
Watch 0.6820.
Pivot (invalidation): 0.6860
Our preference
Short positions below 0.6860 with targets at 0.6835 & 0.6820 in extension.
Alternative scenario
Above 0.6860 look for further upside with 0.6880 & 0.6895 as targets.
Comment
A break below 0.6835 would trigger a drop towards 0.6820.
USD/TRY
Further upside.
Pivot (invalidation): 5.8660
Our preference
Long positions above 5.8660 with targets at 5.9000 & 5.9120 in extension.
Alternative scenario
Below 5.8660 look for further downside with 5.8450 & 5.8250 as targets.
Comment
The break above 5.8660 is a positive signal that has opened a path to 5.9000.
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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