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: Yesterday’s low close endorsed Friday’s topping candle and encourages our bearish view. We are looking for a move lower towards nearby targets near 1.1090/60. It would take a move below 1.1060 to signal a deeper setback towards 1.0710.

USD/JPY: We look for selling interest in the 115.05 to provide a cap for a move back in range. Our initial downside targets are in the 110.35/05 area. A move below there would encourage our bearish view towards greater targets near 106.00.

GBP/USD: The move below initial support in the 1.4350 endorses our bearish view and signal further downside. Our targets are towards the 1.4150 area and then the 1.4080 lows.

AUD/USD: We are overall bearish and would look to sell against the 0.7245 range highs. A move below initial targets near 0.7000 would signal lower towards our greater targets in the 0.6915 area.

NZD/USD: A move below support near 0.6560 would trigger a small topping pattern under the 0.6755 highs and encourage our bearish view towards targets near 0.6415 and then the 0.6345 lows.

USD/CAD: Friday’s engulfing candle warns of a short-term dip within range. We prefer to buy against the 1.3640 area and look for a move higher towards initial targets near 1.4105 and then 1.4170.

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