USD/CAD Intraday: Bullish bias above 1.3100

USD/CHF

Further advance.

USDCHF

 


 

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Pivot (invalidation): 1.0000

Our preference
Long positions above 1.0000 with targets at 1.0045 & 1.0070 in extension.

Alternative scenario
Below 1.0000 look for further downside with 0.9985 & 0.9965 as targets.

Comment
The RSI is bullish and calls for further advance.

 

USD/CAD

Bullish bias above 1.3100.

USDCAD

Pivot (invalidation): 1.3100

Our preference
Long positions above 1.3100 with targets at 1.3135 & 1.3155 in extension.

Alternative scenario
Below 1.3100 look for further downside with 1.3080 & 1.3060 as targets.

Comment
The RSI calls for a bounce.

 

AUD/USD

The upside prevails.

AUDUSD

Pivot (invalidation): 0.7260

Our preference
Long positions above 0.7260 with targets at 0.7300 & 0.7325 in extension.

Alternative scenario
Below 0.7260 look for further downside with 0.7235 & 0.7210 as targets.

Comment
The RSI has just broken above a declining trend line.

 

USD/TRY

Rebound expected.

USDTRY

Pivot (invalidation): 5.3460

Our preference
Long positions above 5.3460 with targets at 5.4120 & 5.4470 in extension.

Alternative scenario
Below 5.3460 look for further downside with 5.3230 & 5.2970 as targets.

Comment
The RSI calls for a rebound.

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.