USDCHF Intraday: Further advance

USD/CHF

Further advance.


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USDCHF

Pivot (invalidation): 1.0040

Our preference
Long positions above 1.0040 with targets at 1.0095 & 1.0120 in extension.

Alternative scenario
Below 1.0040 look for further downside with 1.0010 & 0.9985 as targets.

Comment
The RSI advocates for further advance.

 

USD/CAD

Further upside.

USDCAD

Pivot (invalidation): 1.3145

Our preference
Long positions above 1.3145 with targets at 1.3210 & 1.3230 in extension.

Alternative scenario
Below 1.3145 look for further downside with 1.3125 & 1.3100 as targets.

Comment
The RSI advocates for further upside.

 

AUD/USD

Under pressure.

AUDUSD

Pivot (invalidation): 0.7260

Our preference
Short positions below 0.7260 with targets at 0.7230 & 0.7210 in extension.

Alternative scenario
Above 0.7260 look for further upside with 0.7275 & 0.7300 as targets.

Comment
The RSI advocates for further downside.

 

USD/TRY

Continuation of the rebound.

USDTRY

Pivot (invalidation): 5.4350

Our preference
Long positions above 5.4350 with targets at 5.4950 & 5.5200 in extension.

Alternative scenario
Below 5.4350 look for further downside with 5.3960 & 5.3550 as targets.

Comment
The RSI calls for a new upleg.

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.