Trade Ideas For EUR/USD, GBP/USD, NZD/USD, USD/CAD - Barclays

12 February 2015, 20:46
Vasilii Apostolidi
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The following are Barclays Capital's latest technical setups for EUR/USD, GBP/USD, NZD/USD, and USD/CAD.

EUR/USD: We prefer to fade uptics against the recent range highs near 1.1535. A move back below 1.1260 would confirm a re-test of the range lows near 1.1100. Below 1.1100 would signal lower towards out targets near 1.1050 and 1.1000. Our greater targets are towards 1.07765.  

GBP/USD: We are overall bearish and would prefer to sell higher towards the 1.1485 area. A move below 1.5150, near the 21-dma, would encourage our bearish view towards 1.4915 and then lower to our targets near 1.4815, the 2103 lows.

NZD/USD: We prefer to fade upticks against resistance in the 0.7610 area  and look for a move below 0.7175 to confirm downside. Our initial targets are towards 0.7115, the 2011 lows.

USD/CAD: Support in the 1.2350 area helps to underpin price and our bullish view for a move higher towards 1.2800, the recent highs. A break above would confirm further upside towards our greater targets near 1.3065, the 2009 highs. 

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