Setups: EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, USD/CAD - Barclays
EUR/USD: The break below the 1.1180 lows has prompted us to re-establish a bearish view. A move below our initial targets near 1.1125 would signal lower towards the 1.0990 area.
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USD/JPY: We are bearish against the 111.90 range highs and look for a move lower towards initial targets near 108.20. Below 108.20 would signal further downside towards our next targets in the 106.40 area and then 105.20.
USD/CHF: We are neutral and would prefer to buy dips towards support in the 0.9835 area (100/200-dma). Our upside targets are towards parity and then the 1.0100 area.
AUD/USD: Small signs of seller capitulation signal a breather within the context of the overall bearish trend. While price closes below 0.7255, the 200dma we look for a move towards 0.7040 and then the 0.6825 year-to-date lows.
NZD/USD: We are overall bearish and look for further downside towards targets near 0.6665 and then 0.6545.
USD/CAD: We are looking for a low close to endorse the succession of small topping candles on the daily plot and encourage us to re-establish a bearish view. Downside targets would be towards 1.3015 and then 1.2880.
