USD/CHF Intraday: The bias remains bullish

USD/CHF

The bias remains bullish.

USDCHF

 


 

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Pivot (invalidation): 0.9815

Our preference
Long positions above 0.9815 with targets at 0.9855 & 0.9880 in extension.

Alternative scenario
Below 0.9815 look for further downside with 0.9785 & 0.9755 as targets.

Comment
The RSI is above its neutrality area at 50%.

 

USD/CAD

Further advance.

USDCAD

Pivot (invalidation): 1.3240

Our preference
Long positions above 1.3240 with targets at 1.3310 & 1.3340 in extension.

Alternative scenario
Below 1.3240 look for further downside with 1.3210 & 1.3180 as targets.

Comment
The RSI is bullish and calls for further advance.

 

AUD/USD

Under pressure.

AUDUSD

Pivot (invalidation): 0.7215

Our preference
Short positions below 0.7215 with targets at 0.7170 & 0.7145 in extension.

Alternative scenario
Above 0.7215 look for further upside with 0.7235 & 0.7260 as targets.

Comment
The RSI calls for a new downleg.

 

USD/TRY

The upside prevails.

USDTRY

Pivot (invalidation): 5.4500

Our preference
Long positions above 5.4500 with targets at 5.5080 & 5.5450 in extension.

Alternative scenario
Below 5.4500 look for further downside with 5.4250 & 5.3950 as targets.

Comment
The RSI advocates for further upside.

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.