Daily Technical Analysis and Forex tips 5 October 2016

Daily Technical Analysis, Market Analysis and Forex tips 5 October 2016 of Euro, US dollar, British pound, Swiss franc, Japanese yen, Canadian dollar and Australian dollar

EUR/USD Intraday: further upside

Our preference for long positions above 1.1135 with targets at 1.1240 & 1.1250 in extension. Alternative scenario is below 1.1135 look for further downside with 1.1120 & 1.1105 as targets.

GBP/USD Intraday: the upside prevails

Our preference is short positions below 1.2815 with targets at 1.2720 & 1.2685 in extension. Alternative scenario is above 1.2815 look for further upside with 1.2850 & 1.2885 as targets.

USD/CHF Intraday: under pressure

Our preference long positions above 0.9750 with targets at 0.9845 & 0.9865 in extension. Alternative scenario is below 0.9750 look for further downside with 0.9730 & 0.9700 as targets.

USD/JPY Intraday: watch 100.05

Our preference is long positions above 101.80 with targets at 103.15 & 103.35 in extension. Alternative scenario is below 101.80 look for further downside with 101.25 & 100.90 as targets.

USD/CAD Intraday: the downside prevails

Our preference long positions above 1.3105 with targets at 1.3235 & 1.3270 in extension. Alternative scenario is below 1.3105 look for further downside with 1.3065 & 1.3040 as targets.

AUD/USD Intraday: target 0.7655

Our preference long positions short positions below 0.7690 with targets at 0.7605 & 0.7585 in extension. Alternative scenario is above 0.7690 look for further upside with 0.7710 & 0.7735 as targets.

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