USD/CHF

Towards 0.9995.

USDCHF

 


 

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Pivot (invalidation): 0.9950

Our preference
Long positions above 0.9950 with targets at 0.9975 & 0.9995 in extension.

Alternative scenario
Below 0.9950 look for further downside with 0.9935 & 0.9920 as targets.

Comment
The RSI is bullish and calls for further upside.

 

USD/CAD

Key resistance at 1.3300.

USDCAD

Pivot (invalidation): 1.3300

Our preference
Short positions below 1.3300 with targets at 1.3280 & 1.3265 in extension.

Alternative scenario
Above 1.3300 look for further upside with 1.3320 & 1.3335 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.3300. The pair has repeatedly failed to break above the key resistance at 1.3300 (around the descending 50-period moving average).

 

AUD/USD

Further advance.

AUDUSD

Pivot (invalidation): 0.6755

Our preference
Long positions above 0.6755 with targets at 0.6790 & 0.6805 in extension.

Alternative scenario
Below 0.6755 look for further downside with 0.6740 & 0.6730 as targets.

Comment
The RSI is bullish and calls for further advance. The pair has crossed above the upper Bollinger band (bands widening) calling for acceleration to the upside.

 

USD/TRY

Turning down.

USDTRY

Pivot (invalidation): 5.8620

Our preference
Short positions below 5.8620 with targets at 5.8150 & 5.7860 in extension.

Alternative scenario
Above 5.8620 look for further upside with 5.8950 & 5.9210 as targets.

Comment
The break above 5.8620 is a positive signal that has opened a path to 5.8150. The descending 50-period moving is maintaining the pair's intraday bearishness.

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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