USDCHF Levels: The upside prevails

USD/CHF

The upside prevails.

USDCHF


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Pivot (invalidation): 0.9920

Our preference
Long positions above 0.9920 with targets at 0.9950 & 0.9970 in extension.

Alternative scenario
Below 0.9920 look for further downside with 0.9900 & 0.9890 as targets.

Comment
A support base at 0.9920 has formed and has allowed for a temporary stabilisation.
 

 

USD/CAD

The bias remains bullish.

USDCAD

Pivot (invalidation): 1.3025

Our preference
Long positions above 1.3025 with targets at 1.3065 & 1.3095 in extension.

Alternative scenario
Below 1.3025 look for further downside with 1.3000 & 1.2975 as targets.

Comment
The RSI is mixed to bullish.

 

AUD/USD

Target 0.7355.

AUDUSD

Pivot (invalidation): 0.7395

Our preference
Short positions below 0.7395 with targets at 0.7355 & 0.7330 in extension.

Alternative scenario
Above 0.7395 look for further upside with 0.7410 & 0.7430 as targets.

Comment
The RSI advocates 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.