USD/CHF

Watch 0.9925.

USDCHF

 


 

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Pivot (invalidation): 0.9875

Our preference
Long positions above 0.9875 with targets at 0.9910 & 0.9925 in extension.

Alternative scenario
Below 0.9875 look for further downside with 0.9860 & 0.9840 as targets.

Comment
A support base at 0.9875 has formed and has allowed for a temporary stabilisation.

 

USD/CAD

The downside prevails.

USDCAD

 

Pivot (invalidation): 1.3060

Our preference
Short positions below 1.3060 with targets at 1.3030 & 1.3000 in extension.

Alternative scenario
Above 1.3060 look for further upside with 1.3075 & 1.3090 as targets.

Comment
The RSI advocates for further decline.

 

AUD/USD

Further advance.

AUDUSD

 

Pivot (invalidation): 0.6970

Our preference
Long positions above 0.6970 with targets at 0.7000 & 0.7015 in extension.

Alternative scenario
Below 0.6970 look for further downside with 0.6955 & 0.6940 as targets.

Comment
The RSI is bullish and calls for further upside.

 

USD/TRY

Rebound.

USDTRY

 

Pivot (invalidation): 5.6440

Our preference
Long positions above 5.6440 with targets at 5.7170 & 5.7400 in extension.

Alternative scenario
Below 5.6440 look for further downside with 5.6190 & 5.5880 as targets.

Comment
The RSI calls for a bounce.

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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