Daily Technical Analysis and Forex tips 25 August 2016

Daily Technical Analysis and Forex tips 25 August 2016
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Daily Technical Analysis, Market Analysis and Forex tips 25 August 2016 of Euro, US dollar, British pound, Swiss franc, Japanese yen, Canadian dollar and Australian dollar

EUR/USD Intraday: under pressure

Our preference for short positions below 1.1300 with targets at 1.1240 & 1.1225 in extension. Alternative scenario is above 1.1300 look for further upside with 1.1325 & 1.1350 as targets.

GBP/USD Intraday: supported by a rising trend line

Our preference is long positions above 1.3200 with targets at 1.3275 & 1.3305 in extension. Alternative scenario is below 1.3200 look for further downside with 1.3160 & 1.3120 as targets.

USD/CHF Intraday: supported by a rising trend line

Our preference long positions above 0.9645 with targets at 0.9685 & 0.9710 in extension. Alternative scenario is below 0.9645 look for further downside with 0.9620 & 0.9590 as targets.

USD/JPY Intraday: the bias remains bullish

Our preference is long positions above 100.10 with targets at 100.60 & 100.90 in extension. Alternative scenario is below 100.10 look for further downside with 99.95 & 99.80 as targets.

USD/CAD Intraday: key resistance at 1.2960

Our preference short positions below 1.2960 with targets at 1.2890 & 1.2855 in extension. Alternative scenario is above 1.2960 look for further upside with 1.3000 & 1.3050 as targets.

AUD/USD Intraday: key resistance at 0.7635

Our preference short positions below 0.7635 with targets at 0.7585 & 0.7560 in extension. Alternative scenario is above 0.7635 look for further upside with 0.7655 & 0.7680 as targets.

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