USD/CHF

Under pressure.

USDCHF


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Pivot (invalidation): 0.9945

Our preference
Short positions below 0.9945 with targets at 0.9920 & 0.9905 in extension.

Alternative scenario
Above 0.9945 look for further upside with 0.9960 & 0.9975 as targets.

Comment
The RSI is bearish and calls for further downside. The pair's upside remains capped by the descending 20-period moving average.

 

USD/CAD

Continuation of the rebound.

USDCAD

Pivot (invalidation): 1.3180

Our preference
Long positions above 1.3180 with targets at 1.3220 & 1.3235 in extension.

Alternative scenario
Below 1.3180 look for further downside with 1.3165 & 1.3145 as targets.

Comment
The RSI advocates for further upside.

 

AUD/USD

0.6810 expected.

AUDUSD

Pivot (invalidation): 0.6765

Our preference
Long positions above 0.6765 with targets at 0.6790 & 0.6810 in extension.

Alternative scenario
Below 0.6765 look for further downside with 0.6750 & 0.6730 as targets.

Comment
The RSI is bullish and calls for further upside. A clear break above the overhead resistance at 0.6790 would expose the pair to the previous high at 0.6810.

 

USD/TRY

Watch 5.8530.

USDTRY

Pivot (invalidation): 5.8930

Our preference
Short positions below 5.8930 with targets at 5.8670 & 5.8530 in extension.

Alternative scenario
Above 5.8930 look for further upside with 5.9100 & 5.9300 as targets.

Comment
Technically the RSI is below its neutrality area at 50. The pair has posted a bearish pattern of lower highs while being capped by the descending 20-period moving average.

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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