AUDUSD levels: The bias remains bullish

USD/CHF

The downside prevails.

USDCHF

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Pivot (invalidation): 0.9665

Our preference
Short positions below 0.9665 with targets at 0.9625 & 0.9600 in extension.

Alternative scenario
Above 0.9665 look for further upside with 0.9685 & 0.9705 as targets.

Comment
The RSI is capped by a declining trend line.

 

USD/CAD

Key resistance at 1.3020.

USDCAD

Pivot (invalidation): 1.3020

Our preference
Short positions below 1.3020 with targets at 1.2970 & 1.2935 in extension.

Alternative scenario
Above 1.3020 look for further upside with 1.3045 & 1.3075 as targets.

Comment
The RSI lacks upward momentum.

 

AUD/USD

The bias remains bullish.

AUDUSD

Pivot (invalidation): 0.7175

Our preference
Long positions above 0.7175 with targets at 0.7200 & 0.7230 in extension.

Alternative scenario
Below 0.7175 look for further downside with 0.7155 & 0.7130 as targets.

Comment
The RSI is mixed to bullish.

 

USD/TRY

Key resistance at 6.1900.

USDTRY

Pivot (invalidation): 6.1900

Our preference
Short positions below 6.1900 with targets at 6.0650 & 6.0010 in extension.

Alternative scenario
Above 6.1900 look for further upside with 6.2460 & 6.3300 as targets.

Comment
As Long as the resistance at 6.1900 is not surpassed, the risk of the break below 6.0650 remains high.
 

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.