USD/TRY Intraday: Further upside

USD/CHF

Bullish bias above 1.0060.

USDCHF

 


 

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Pivot (invalidation): 1.0060

Our preference
Long positions above 1.0060 with targets at 1.0095 & 1.0110 in extension.

Alternative scenario
Below 1.0060 look for further downside with 1.0035 & 1.0020 as targets.

Comment
A support base at 1.0060 has formed and has allowed for a temporary stabilisation.

 

USD/CAD

Intraday support around 1.3230.

USDCAD

Pivot (invalidation): 1.3230

Our preference
Long positions above 1.3230 with targets at 1.3275 & 1.3305 in extension.

Alternative scenario
Below 1.3230 look for further downside with 1.3210 & 1.3190 as targets.

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

 

AUD/USD

Rebound.

AUDUSD

Pivot (invalidation): 0.7080

Our preference
Long positions above 0.7080 with targets at 0.7135 & 0.7150 in extension.

Alternative scenario
Below 0.7080 look for further downside with 0.7065 & 0.7050 as targets.

Comment
The RSI calls for a bounce.

 

USD/TRY

Further upside.

USDTRY

Pivot (invalidation): 5.2680

Our preference
Long positions above 5.2680 with targets at 5.2960 & 5.3100 in extension.

Alternative scenario
Below 5.2680 look for further downside with 5.2420 & 5.2300 as targets.

Comment
The RSI calls for a bounce.

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.