Tech Setups For EUR/USD, GBP/USD, AUD/USD, USD/CAD - Barclays
The following are the latest technical setups for EUR/USD, GBP/USD, AUD/USD, USD/CAD as provided by the technical strategy team at Barclays Capital.
EUR/USD: We are bearish and would prefer to fade upticks against the 1.1330 area. A move below our initial downside targets near 1.1085 would confirm downside traction. Our next targets are towards the 1.1000/20 area and further out towards 1.0810.
GBP/USD: We prefer to buys dips while support in the 1.5160 area underpins. An unexpected move below 1.5160 would force us to assume a deeper setback towards the 1.4850 area. For now we look for a move back within range towards targets near 1.5530 and then 1.5660.
AUD/USD: Having reached our initial downside targets near 0.6975, we are now looking for further weakness towards the 0.6895 lows. Beyond there we are targeting the 0.6770 area.
USD/CAD: Our bullish view was encouraged by the break to new highs on increased volumes. Initial upside targets are towards 1.3465 area. Our greater targets are near 1.4000.
