USD/CHF: Under pressure

USDCHF

 


 

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Pivot (invalidation): 0.9485

Our preference
Short positions below 0.9485 with targets at 0.9460 & 0.9445 in extension.

Alternative scenario
Above 0.9485 look for further upside with 0.9500 & 0.9515 as targets.

Comment
A break below 0.9460 would trigger a drop towards 0.9445.

 

USD/CAD: The downside prevails

USDCAD

Pivot (invalidation): 1.3595

Our preference
Short positions below 1.3595 with targets at 1.3550 & 1.3530 in extension.

Alternative scenario
Above 1.3595 look for further upside with 1.3615 & 1.3640 as targets.

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

 

AUD/USD: The upside prevails

AUDUSD

Pivot (invalidation): 0.6885

Our preference
Long positions above 0.6885 with targets at 0.6915 & 0.6930 in extension.

Alternative scenario
Below 0.6885 look for further downside with 0.6860 & 0.6840 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

 

USD/TRY: Key resistance at 6.8590

USDTRY

Pivot (invalidation): 6.8590

Our preference
Short positions below 6.8590 with targets at 6.8350 & 6.8250 in extension.

Alternative scenario
Above 6.8590 look for further upside with 6.8720 & 6.8840 as targets.

Comment
The upward potential is likely to be limited by the resistance at 6.8590.

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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