0.9820 in sight.




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Pivot (invalidation): 0.9785

Our preference
Long positions above 0.9785 with targets at 0.9805 & 0.9820 in extension.

Alternative scenario
Below 0.9785 look for further downside with 0.9770 & 0.9760 as targets.

The RSI advocates for further upside.



Bullish bias above 1.3245.


Pivot (invalidation): 1.3245

Our preference
Long positions above 1.3245 with targets at 1.3275 & 1.3295 in extension.

Alternative scenario
Below 1.3245 look for further downside with 1.3230 & 1.3215 as targets.

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



Key resistance at 0.6735.


Pivot (invalidation): 0.6735

Our preference
Short positions below 0.6735 with targets at 0.6705 & 0.6685 in extension.

Alternative scenario
Above 0.6735 look for further upside with 0.6750 & 0.6760 as targets.

The upward potential is likely to be limited by the resistance at 0.6735.



Bullish bias above 6.0290.


Pivot (invalidation): 6.0290

Our preference
Long positions above 6.0290 with targets at 6.0500 & 6.0650 in extension.

Alternative scenario
Below 6.0290 look for further downside with 6.0200 & 6.0070 as targets.

A support base at 6.0290 has formed and has allowed for a temporary stabilisation.

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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