Setups: EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, USD/CAD - Barclays
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital.
EUR/USD: A move below 1.1210 would confirm our bearish view towards targets near the 1.1145 range lows and then the 1.1065 area. Beyond there, we are looking for a move towards the 1.0820 area.
USD/JPY: We are neutral and look for signs of a top to re-initiate our overall bearish view. Further upside squeeze through resistance near 112.10 would risk higher in range towards 113.30. A move below 110.65 would encourage downside towards 109.75 and then the 1.0760 lows.
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GBP/USD: We have pared back our bearish view in the short-term as the break above 1.4515 risks a further squeeze before sellers emerge. We prefer to fade upticks against the 1.4670 highs. A move below 1.4300 would open targets near 1.4005 and then next targets near 1.3895 and the 1.3835 year-to-date lows.
AUD/USD: Last week’s “doji” candle signals a breather from the recent up-move. We look for a dip within range towards the 0.7590 area. We would then look for signs of a base near the 0.7475 range lows.
NZD/USD: A move below last Friday’s 0.6835 low would encourage our bearish view towards targets near 0.6760 and then the 0.6670 area. A bullish weekly reversal in AUDNZD points towards our targets near 1.1335/1.1360.
USD/CAD: The move below our targets in the 1.2670 area endorses our greater bearish view. We expect upticks to find selling interest near the 1.2780 area and look for further downside towards 1.2050/1.1915.
