USD/CHF: Key resistance at 0.9115

USDCHF

 


 

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Pivot (invalidation): 0.9115

Our preference
Short positions below 0.9115 with targets at 0.9075 & 0.9060 in extension.

Alternative scenario
Above 0.9115 look for further upside with 0.9140 & 0.9160 as targets.

Comment
The upward potential is likely to be limited by the resistance at 0.9115.

 

USD/CAD: Turning up

USDCAD

Pivot (invalidation): 1.3210

Our preference
Long positions above 1.3210 with targets at 1.3240 & 1.3260 in extension.

Alternative scenario
Below 1.3210 look for further downside with 1.3190 & 1.3175 as targets.

Comment
The RSI is bullish and calls for further upside.

 

AUD/USD: 0.7115 expected

AUDUSD

Pivot (invalidation): 0.7160

Our preference
Short positions below 0.7160 with targets at 0.7130 & 0.7115 in extension.

Alternative scenario
Above 0.7160 look for further upside with 0.7180 & 0.7190 as targets.

Comment
A break below 0.7130 would trigger a drop towards 0.7115.

 

USD/TRY: The upside prevails

USDTRY

Pivot (invalidation): 7.3180

Our preference
Long positions above 7.3180 with targets at 7.3650 & 7.4000 in extension.

Alternative scenario
Below 7.3180 look for further downside with 7.2790 & 7.2500 as targets.

Comment
The RSI is mixed with a bullish bias.

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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