Daily Technical Analysis and Forex tips 6 July 2016

Daily Technical Analysis, Market Analysis and Forex tips 6 July 2016 of Euro, US dollar, British pound, Swiss franc, Japanese yen, Canadian dollar and Australian dollar

EUR/USD Intraday: watch 1.1025

Our preference for short positions below 1.1120 with targets at 1.1025 & 1.1000 in extension. Alternative scenario is above 1.1120 look for further upside with 1.1165 & 1.1185 as targets.

GBP/USD Intraday: watch 1.2750

Our preference is short positions below 1.3000 with targets at 1.2750 & 1.2630 in extension. Alternative scenario is above 1.3000 look for further upside with 1.3125 & 1.3190 as targets.

USD/CHF Intraday: 0.9785 in sight

Our preference long positions above 0.9725 with targets at 0.9785 & 0.9800 in extension. Alternative scenario is below 0.9725 look for further downside with 0.9705 & 0.9685 as targets.

USD/JPY Intraday: towards 100.40

Our preference is short positions below 101.75 with targets at 100.40 & 99.90 in extension. Alternative scenario is above 101.75 look for further upside with 102.20 & 102.60 as targets.

USD/CAD Intraday: watch 1.3080

Our preference long positions above 1.2930 with targets at 1.3080 & 1.3115 in extension. Alternative scenario is below 1.2930 look for further downside with 1.2890 & 1.2850 as targets.

AUD/USD Intraday: the downside prevails

Our preference short positions below 0.7465 with targets at 0.7390 & 0.7370 in extension. Alternative scenario is above 0.7465 look for further upside with 0.7485 & 0.7510 as targets.

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