Daily Technical Analysis and Forex tips 23 Dec 2015

Daily Technical Analysis and Forex tips 23 Dec 2015
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Read Daily market analysis, Fx news, Forex tips and technical analysis of US Dollar, Euro, Japanese Yen, British Pound Sterling, Swiss Franc, Canadian Dollar and Australian Dollar

EUR/USD Intraday – under pressure

Our preference for short positions below 1.096 with targets at 1.088 & 1.0845 in extension. Alternative scenario is above 1.096 look for further upside with 1.098 & 1.101 as targets.

GBP/USD Intraday – the upside prevails.

Our preference is long positions above 1.483 with targets at 1.491 & 1.495 in extension. Alternative scenario is below 1.483 look for further downside with 1.48 & 1.476 as targets.

USD/CHF Intraday – the upside prevails.

Our preference long positions above 0.9855 with targets at 0.994 & 0.997 in extension. Alternative scenario is below 0.9855 look for further downside with 0.983 & 0.98 as targets.

USD/JPY Intraday – under pressure

Our preference is short positions below 121.3 with targets at 120.65 & 120.3 in extension. Alternative scenario is above 121.3 look for further upside with 121.5 & 121.75 as targets.

USD/CAD Intraday – under pressure

Our preference short positions below 1.395 with targets at 1.3845 & 1.381 in extension. Alternative scenario is above 1.395 look for further upside with 1.4 & 1.404 as targets.

AUD/USD Intraday, rebound

Our preference long positions above 0.72 with targets at 0.725 & 0.728 in extension. Alternative scenario is below 0.72 look for further downside with 0.718 & 0.715 as targets.

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