Towards 0.9815.




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Pivot (invalidation): 0.9880

Our preference
Short positions below 0.9880 with targets at 0.9835 & 0.9815 in extension.

Alternative scenario
Above 0.9880 look for further upside with 0.9905 & 0.9925 as targets.

The RSI is bearish and calls for further downside.



Capped by a negative trend line.



Pivot (invalidation): 1.3060

Our preference
Short positions below 1.3060 with targets at 1.3035 & 1.3015 in extension.

Alternative scenario
Above 1.3060 look for further upside with 1.3075 & 1.3090 as targets.

The upward potential is likely to be limited by the resistance at 1.3060.



Turning up.



Pivot (invalidation): 0.7005

Our preference
Long positions above 0.7005 with targets at 0.7040 & 0.7060 in extension.

Alternative scenario
Below 0.7005 look for further downside with 0.6995 & 0.6980 as targets.

The RSI calls for a rebound.



Aim @ 5.6570.



Pivot (invalidation): 5.6980

Our preference
Short positions below 5.6980 with targets at 5.6690 & 5.6570 in extension.

Alternative scenario
Above 5.6980 look for further upside with 5.7170 & 5.7330 as targets.

Technically the RSI is below its neutrality area at 50.

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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