Setups: EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, USD/CAD - Barclays
The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital.
EUR/USD: Our decision to turn bearish is being frustrated by the lack of downside follow through. We are looking for a low daily close to signal lower towards our initial targets near 1.1270, the 21-dma and then lower towards the 1.1145 range lows.
USD/JPY: We are bearish and look for a move below support in the 107.60 area to encourage our bearish view. Our greater targets are towards 106.65 and then the 106.10 area.
USD/CHF: Our bearish view was encouraged by Friday’s low close. We are looking for a downside squeeze towards targets in the 0.9475 area.
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AUD/USD: We are bullish and look for support near the 0.7475 range lows to underpin a move higher. Our initial targets are at the 0.7725 recent highs. Beyond there, we look for a move towards our greater targets in the 0.7880 area.
NZD/USD: A break below support in the 0.6760 area would encourage our bearish view. Our initial targets are in the 0.6670 area. A break below 0.6670 would increase our bearish conviction towards targets near 0.6545.
USD/CAD: The move below Thursday’s 1.3015 low on increased volume encourages our bearish view towards initial targets in the 1.2830 area. Beyond there, we see room towards 1.2670.
