USD/CHF: Further upside

USDCHF

 


 

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Pivot (invalidation): 0.9690

Our preference
Long positions above 0.9690 with targets at 0.9725 & 0.9740 in extension.

Alternative scenario
Below 0.9690 look for further downside with 0.9670 & 0.9645 as targets.

Comment
The RSI is bullish and calls for further upside.

 

USD/CAD: Further advance

USDCAD

Pivot (invalidation): 1.3935

Our preference
Long positions above 1.3935 with targets at 1.4020 & 1.4045 in extension.

Alternative scenario
Below 1.3935 look for further downside with 1.3890 & 1.3865 as targets.

Comment
The RSI is bullish and calls for further advance.

 

AUD/USD:  Under pressure

AUDUSD

Pivot (invalidation): 0.6575

Our preference
Short positions below 0.6575 with targets at 0.6525 & 0.6505 in extension.

Alternative scenario
Above 0.6575 look for further upside with 0.6595 & 0.6615 as targets.

Comment
The RSI shows downside momentum.

 

USD/TRY: Bullish bias above 6.7760

USDTRY

Pivot (invalidation): 6.7760

Our preference
Long positions above 6.7760 with targets at 6.8100 & 6.8260 in extension.

Alternative scenario
Below 6.7760 look for further downside with 6.7610 & 6.7470 as targets.

Comment
A support base at 6.7760 has formed and has allowed for a temporary stabilisation.

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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