Tech Setups For EUR/USD, GBP/USD, USD/CHF, AUD/USD - Barclays
The following are the latest technical setups for EUR/USD, GBP/USD, USD/CHF, and AUD/USD as provided by the technical strategy team at Barclays Capital.
EUR/USD: We are bearish and look for a move below 1.1305 to signal lower towards our initial targets near 1.1260. Our greater targets are in the 1.1105/1.1085 area.
GBP/USD: We have turned neutral following Tuesday’s failed rally attempt. The resulting “shooting star” topping candle along with stretched daily studies call for a move lower in range towards the 1.5385 area. A move below 1.5385 would signal a deeper setback before a base can form.
USD/CHF: A move above resistance near 0.9580 would encourage our bullish view and signal further upside towards targets near 0.9650 and then the 0.9900 highs. Support is at the 0.9475 lows.
AUD/USD: A break below support in the 0.7195 area would encourage our bearish view. Our initial targets are in the 0.7160 area and then 0.7030 ahead of the 0.6895 lows.
