USD/CHF

Caution.

USDCHF


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Pivot (invalidation): 1.0050

Our preference
Long positions above 1.0050 with targets at 1.0075 & 1.0090 in extension.

Alternative scenario
Below 1.0050 look for further downside with 1.0030 & 1.0010 as targets.

Comment
A support base at 1.0050 has formed and has allowed for a temporary stabilisation.

 

USD/CAD

The downside prevails.

USDCAD

Pivot (invalidation): 1.3235

Our preference
Short positions below 1.3235 with targets at 1.3170 & 1.3150 in extension.

Alternative scenario
Above 1.3235 look for further upside with 1.3255 & 1.3275 as targets.

Comment
The RSI is bearish and calls for further decline.

 

AUD/USD

The upside prevails.

AUDUSD

Pivot (invalidation): 0.7105

Our preference
Long positions above 0.7105 with targets at 0.7140 & 0.7160 in extension.

Alternative scenario
Below 0.7105 look for further downside with 0.7090 & 0.7070 as targets.

Comment
The RSI calls for a new upleg.

 

USD/TRY

Break of a ST rising trendline support.

USDTRY

Pivot (invalidation): 5.2660

Our preference
Short positions below 5.2660 with targets at 5.2300 & 5.2140 in extension.

Alternative scenario
Above 5.2660 look for further upside with 5.2850 & 5.2960 as targets.

Comment
The RSI is bearish and calls for further downside.

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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