Setups For EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD - Barclays
The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD as provided by the technical strategy team at Barclays Capital.
EUR/USD: We are bearish and would look to fade upticks against resistance in the 1.0700 area. A move below 1.0555 would confirm downside traction towards our targets near 1.0520 and then the 1.0460 year-to-date lows.
USD/JPY: A move above nearby resistance in the 123.35 area would encourage our bullish view. Our initial targets are towards 123.75, the November highs, and then the 125.30/125.85 highs. Support in the 122.20 area underpins.
USD/CHF: We are bullish and would look to buy dips. Corrections of approximately 1% over the past months signal scope towards 1.0220, last Friday’s lows, where we would look for signs of a base. A move above 1.0330 opens our greater targets near 1.0630 and then the 1.0910 area.
AUD/USD: We are neutral in the short term and would prefer to fade upticks towards 0.7385. We are overall bearish below 0.7440 and look for a break below 0.7170 to signal lower towards 0.7070 and then targets near 0.7015.
NZD/USD: Near-term upticks are expected to provide better levels to sell. We would look for signs of a top near resistance in the 0.6795 area. The range highs near 0.6900 keep us overall bearish towards 0.6430 and then lower towards the 0.6235 year-to-date lows.
