The bias remains bullish.


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Pivot (invalidation): 0.9880

Our preference
Long positions above 0.9880 with targets at 0.9920 & 0.9935 in extension.

Alternative scenario
Below 0.9880 look for further downside with 0.9865 & 0.9850 as targets.

The RSI lacks downward momentum.



Intraday support around 1.3010.


Pivot (invalidation): 1.3010

Our preference
Long positions above 1.3010 with targets at 1.3050 & 1.3070 in extension.

Alternative scenario
Below 1.3010 look for further downside with 1.2980 & 1.2955 as targets.

The RSI lacks downward momentum.



Supported by a rising trend line.


Pivot (invalidation): 0.7100

Our preference
Long positions above 0.7100 with targets at 0.7130 & 0.7150 in extension.

Alternative scenario
Below 0.7100 look for further downside with 0.7080 & 0.7065 as targets.

The RSI is mixed to bullish.



The downside prevails.


Pivot (invalidation): 6.0080

Our preference
Short positions below 6.0080 with targets at 5.8620 & 5.8080 in extension.

Alternative scenario
Above 6.0080 look for further upside with 6.0810 & 6.1330 as targets.

The RSI lacks upward momentum.

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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