USD/CHF: Bullish bias above 0.9070

USDCHF

 


 

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Pivot (invalidation): 0.9070

Our preference
Long positions above 0.9070 with targets at 0.9095 & 0.9110 in extension.

Alternative scenario
Below 0.9070 look for further downside with 0.9050 & 0.9035 as targets.

Comment
A support base at 0.9070 has formed and has allowed for a temporary stabilisation.

USD/CAD: Turning down

USDCAD

Pivot (invalidation): 1.3200

Our preference
Short positions below 1.3200 with targets at 1.3150 & 1.3130 in extension.

Alternative scenario
Above 1.3200 look for further upside with 1.3215 & 1.3230 as targets.

Comment
The RSI calls for a new downleg.

AUD/USD: Choppy

AUDUSD

Pivot (invalidation): 0.7290

Our preference
Long positions above 0.7290 with targets at 0.7340 & 0.7360 in extension.

Alternative scenario
Below 0.7290 look for further downside with 0.7265 & 0.7245 as targets.

Comment
The RSI calls for a new upleg.

USD/TRY: Key resistance at 7.5000

USDTRY

Pivot (invalidation): 7.5000

Our preference
Short positions below 7.5000 with targets at 7.4730 & 7.4560 in extension.

Alternative scenario
Above 7.5000 look for further upside with 7.5100 & 7.5210 as targets.

Comment
As Long as the resistance at 7.5000 is not surpassed, the risk of the break below 7.4730 remains high.

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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