Tech Setups For EUR/USD, USD/JPY, AUD/USD, NZD/USD - Barclays
The following are the latest technical setups for EUR/USD, USD/JPY, AUD/USD, NZD/USD as provided by the technical strategy team at Barclays Capital.
EUR/USD: Our bearish view has been vindicated by the break below our initial downside targets near 1.1215. We now expect further weakness towards the 1.1085 range lows and then the 1.1000/20 area.
USD/JPY: A move above nearby resistance in the 121.30 area would encourage our bullish view towards initial targets near 121.75 and then the 123.35 area. For choice, we would look to buy dips against the 118.65 area.
AUD/USD: Yesterday’s low close confirms the previous topping candles and signals lower in range. Our targets are towards 0.6975 and then the 0.6895 lows. Further out, we are targeting the 0.6770 area.
NZD/USD: We are bearish and look for a move back towards the 0.6245 range lows. A break below 0.6200 would encourage our bearish view towards targets near 0.6200 and then the 0.5900 area.
