Key resistance at 0.9745.




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Pivot (invalidation): 0.9745

Our preference
Short positions below 0.9745 with targets at 0.9715 & 0.9700 in extension.

Alternative scenario
Above 0.9745 look for further upside with 0.9770 & 0.9795 as targets.

The index currently faces a challenging resistance area at 0.9745.



Turning down.



Pivot (invalidation): 1.3325

Our preference
Short positions below 1.3325 with targets at 1.3285 & 1.3265 in extension.

Alternative scenario
Above 1.3325 look for further upside with 1.3355 & 1.3380 as targets.

The RSI shows downside momentum.






Pivot (invalidation): 0.6760

Our preference
Long positions above 0.6760 with targets at 0.6800 & 0.6815 in extension.

Alternative scenario
Below 0.6760 look for further downside with 0.6745 & 0.6730 as targets.

The RSI calls for a new upleg.



Turning down.



Pivot (invalidation): 5.6180

Our preference
Short positions below 5.6180 with targets at 5.5920 & 5.5720 in extension.

Alternative scenario
Above 5.6180 look for further upside with 5.6350 & 5.6520 as targets.

The RSI advocates 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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