Setups: EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, USD/CAD - Barclays
EUR/USD: We are bearish and look for resistance in the 1.1130 area to cap a move lower towards initial targets near Friday’s 1.0910 lows and then towards a swing target near 1.0840. Beyond there we are looking towards the 1.0710 area.
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USD/JPY: We are bearish and would prefer to fade upticks towards the 103.55 former range lows. Our targets are back to Friday’s 99.00 lows and further out towards the 94.80 area.
GBP/USD: Our bearish view was encouraged by the lowest daily close since September 1985. We are looking for further downside towards targets near 1.3015 and then the 1.2750 area.
AUD/USD: Increased volume on the previous two down-days helps to endorse our bearish view. A move below initial targets near 0.7285 would signal lower towards the 0.7145 lows.
NZD/USD: We are bearish and look for a move below 0.6960, our initial targets, to open our next targets towards 0.6890 and then the 0.6810 area.
USD/CAD: We prefer to fade upticks towards 1.3190 and look for a move below targets near 1.2655 to signal lower towards the 1.2460 year-to-date lows.
