Tech Setups For EUR/USD, USD/JPY, 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 look for a move below initial support in the 1.0940 area to open our downside targets near 1.0810. Nearby resistance is in the 1.1105 area.
USD/JPY: Monday’s “inside day” signals a breather from recent price gains. We are bullish and would prefer to buy dips in range. Our initial upside targets are near the 121.75 range highs and then the 122.00/15 area.
AUD/USD: We are overall bearish and would use upticks as an opportunity to sell at better levels. A move below 0.7180 would signal lower towards our initial targets in the 0.7160 area and then 0.7030 ahead of the 0.6895 lows.
USD/CAD: Rising daily volumes along with the recent price gains (see Fig.3) encourage our bullish view. We are looking for a move higher in range towards targets near 1.3325 and then the 1.3460 year-to-date highs.
