Key resistance at 0.9915.




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Pivot (invalidation): 0.9915

Our preference
Short positions below 0.9915 with targets at 0.9880 & 0.9865 in extension.

Alternative scenario
Above 0.9915 look for further upside with 0.9930 & 0.9945 as targets.

As Long as the resistance at 0.9915 is not surpassed, the risk of the break below 0.9880 remains high.



Aim @ 1.3245.


Pivot (invalidation): 1.3200

Our preference
Long positions above 1.3200 with targets at 1.3225 & 1.3245 in extension.

Alternative scenario
Below 1.3200 look for further downside with 1.3175 & 1.3160 as targets.

The RSI is bullish and calls for further upside.



Key resistance at 0.6875.


Pivot (invalidation): 0.6875

Our preference
Short positions below 0.6875 with targets at 0.6855 & 0.6845 in extension.

Alternative scenario
Above 0.6875 look for further upside with 0.6885 & 0.6895 as targets.

The upward potential is likely to be limited by the resistance at 0.6875.



5.6350 expected.


Pivot (invalidation): 5.6750

Our preference
Short positions below 5.6750 with targets at 5.6480 & 5.6350 in extension.

Alternative scenario
Above 5.6750 look for further upside with 5.6920 & 5.7130 as targets.

A break below 5.6480 would trigger a drop towards 5.6350.

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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