Tech Setups For EUR/USD, USD/JPY, AUD/USD, NZD/USD - Barclays
The following are the latest technical setups for EUR/USD, USD/JPY, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital.
EUR/USD: Monday’s topping candle and declining volumes have prompted us to re-instate our bearish view against resistance in the 1.1460 area. A low close today would confirm downside traction towards initial targets near 1.1200.
USD/JPY: No change. We are overall bullish and would buy dips within range against the 118.65 lows. A move above resistance in the 121.30 area is needed to signal upside traction towards our initial targets near 121.75. Beyond there, we are looking for a move higher towards the 123.35 area.
AUD/USD: We are re-establishing our bearish against resistance in the 0.7440 area. The move below 0.7280 signals a likely end to the corrective phase of the past month and room lower in range towards the 0.7150 area initially.
NZD/USD: No change. We are bearish against resistance in the 0.6740 area and look for a move lower towards initial targets near 0.6550 and then the 0.6455 area. A break below 0.6455 would confirm downside traction towards the 0.6200/0.6235 area.
