The bias remains bullish.



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Pivot (invalidation): 0.9770

Our preference
Long positions above 0.9770 with targets at 0.9810 & 0.9835 in extension.

Alternative scenario
Below 0.9770 look for further downside with 0.9755 & 0.9735 as targets.

The RSI lacks downward momentum.



Key resistance at 1.3285.



Pivot (invalidation): 1.3285

Our preference
Short positions below 1.3285 with targets at 1.3255 & 1.3240 in extension.

Alternative scenario
Above 1.3285 look for further upside with 1.3310 & 1.3325 as targets.

As Long as the resistance at 1.3285 is not surpassed, the risk of the break below 1.3255 remains high.






Pivot (invalidation): 0.6770

Our preference
Long positions above 0.6770 with targets at 0.6795 & 0.6810 in extension.

Alternative scenario
Below 0.6770 look for further downside with 0.6760 & 0.6750 as targets.

Intraday technical indicators are mixed and call for caution.



Continuation of the rebound.



Pivot (invalidation): 5.5680

Our preference
Long positions above 5.5680 with targets at 5.5950 & 5.6060 in extension.

Alternative scenario
Below 5.5680 look for further downside with 5.5490 & 5.5310 as targets.

The break above 5.5680 is a positive signal that has opened a path to 5.5950.

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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