USD/CHF: Rebound expected



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Pivot (invalidation): 0.9065

Our preference
Long positions above 0.9065 with targets at 0.9100 & 0.9130 in extension.

Alternative scenario
Below 0.9065 look for further downside with 0.9045 & 0.9025 as targets.

The break above 0.9065 is a positive signal that has opened a path to 0.9100.


USD/CAD: Bullish bias above 1.3250


Pivot (invalidation): 1.3250

Our preference
Long positions above 1.3250 with targets at 1.3290 & 1.3315 in extension.

Alternative scenario
Below 1.3250 look for further downside with 1.3230 & 1.3200 as targets.

A support base at 1.3250 has formed and has allowed for a temporary stabilisation.


AUD/USD: Key resistance at 0.7215


Pivot (invalidation): 0.7215

Our preference
Short positions below 0.7215 with targets at 0.7180 & 0.7165 in extension.

Alternative scenario
Above 0.7215 look for further upside with 0.7240 & 0.7260 as targets.

A break below 0.7180 would trigger a drop towards 0.7165.


USD/TRY: Bullish bias above 7.0100


Pivot (invalidation): 7.0100

Our preference
Long positions above 7.0100 with targets at 7.0760 & 7.0990 in extension.

Alternative scenario
Below 7.0100 look for further downside with 6.9860 & 6.9550 as targets.

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

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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