Turning up.



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Pivot (invalidation): 0.9715


Our preference
Long positions above 0.9715 with targets at 0.9785 & 0.9810 in extension.


Alternative scenario
Below 0.9715 look for further downside with 0.9695 & 0.9670 as targets.

The RSI calls for a new upleg.



Under pressure.



Pivot (invalidation): 1.3320

Our preference
Short positions below 1.3320 with targets at 1.3275 & 1.3260 in extension.

Alternative scenario
Above 1.3320 look for further upside with 1.3340 & 1.3355 as targets.

The RSI lacks upward momentum.



Continuation of the rebound.



Pivot (invalidation): 0.6715

Our preference
Long positions above 0.6715 with targets at 0.6755 & 0.6775 in extension.

Alternative scenario
Below 0.6715 look for further downside with 0.6685 & 0.6660 as targets.

The RSI calls for a rebound.



Bullish bias above 5.7800.



Pivot (invalidation): 5.7800

Our preference
Long positions above 5.7800 with targets at 5.8350 & 5.8650 in extension.

Alternative scenario
Below 5.7800 look for further downside with 5.7400 & 5.7010 as targets.

The RSI is mixed to bullish.

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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