USD/CHF: Watch 0.9040



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Pivot (invalidation): 0.9095

Our preference
Short positions below 0.9095 with targets at 0.9055 & 0.9040 in extension.

Alternative scenario
Above 0.9095 look for further upside with 0.9110 & 0.9130 as targets.

The RSI has broken down its 30 level.


USD/CAD: Key resistance at 1.3450


Pivot (invalidation): 1.3450

Our preference
Short positions below 1.3450 with targets at 1.3405 & 1.3380 in extension.

Alternative scenario
Above 1.3450 look for further upside with 1.3475 & 1.3495 as targets.

As Long as the resistance at 1.3450 is not surpassed, the risk of the break below 1.3405 remains high.


AUD/USD: Bullish bias above 0.7180


Pivot (invalidation): 0.7180

Our preference
Long positions above 0.7180 with targets at 0.7220 & 0.7245 in extension.

Alternative scenario
Below 0.7180 look for further downside with 0.7160 & 0.7140 as targets.

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.


USD/TRY: Under pressure


Pivot (invalidation): 7.0000

Our preference
Short positions below 7.0000 with targets at 6.9480 & 6.9170 in extension.

Alternative scenario
Above 7.0000 look for further upside with 7.0250 & 7.0500 as targets.

The RSI is bearish and calls for further downside.

This report has been prepared by AC Markets 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 AC Markets personnel at any given time. ACM 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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