Technical Snapshots for Today

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Technical Snapshots for Today – Trading Analysis of NZD/CHF NZD/CHF: still worth buying on the downsides.Our Analysis:While the price is above 0.6500, follow the recommendations below:

Time frame: D1
Recommendation: long position
Entry point: 0.6539
Take Profit 1: 0.6600
Take Profit 2: 0.6706

Alternative scenario:If the level 0.6500 is broken-down, follow the recommendations below:

Time frame: D1
Recommendation: short position
Entry point: 0.6500
Take profit 1: 0.6253
Take Profit 2: 0.6171


Trading Analysis of NZD/CAD Canada: construction starts at 260200 in August.Our Analysis: As long as price is above 0.8850 follow the recommendations below:

Time frame: D1
Recommendation: long position
Entry point: 0.8980
Take Profit 1: 0.9100
Take Profit 2: 0.9284

Alternative scenario: If the level of 0.8850 is broken-down, follow the recommendations below:

Time frame: D1
Recommendation: short position
Entry point: 0.8850
Take profit 1: 0.8595
Take profit 2: 0.8487

Technical Snapshots for Today – EUR/USD Intraday: key resistance at 1.1785.

Pivot:1.1785

Our preference:Short positions below 1.1785 with targets at 1.1750 & 1.1735 in extension.

Alternative scenario:Above 1.1785 look for further upside with 1.1800 & 1.1820 as targets.

Comment:As long as 1.1785 is resistance, look for choppy price action with a bearish bias.

GBP/USD Intraday: consolidation.

Pivot:1.3820

Our preference:Short positions below 1.3820 with targets at 1.3765 & 1.3750 in extension.

Alternative scenario:Above 1.3820 look for further upside with 1.3840 & 1.3855 as targets.

Comment:As long as the resistance at 1.3820 is not surpassed, the risk of the break below 1.3765 remains high.

Technical Snapshots for Today

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