Tech Setups For EUR/USD, GBP/USD, AUD/USD, NZD/USD - Barclays

19 October 2015, 21:03
Vasilii Apostolidi
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The following are the latest technical setups for EUR/USD, GBP/USD, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital. 

EUR/USD: Friday’s low close resulted in a weekly topping candle that has prompted us to re-establish a bearish view. The move below 1.1335 signals lower towards our initial targets near 1.1260 and then the 1.1105/1.1085 area.

GBP/USD: We are overall bullish and expect dips to find buying interest near 1.5385. A move above 1.5510 would signal higher towards 1.5540 and then the 1.5660 range highs.

AUD/USD: No change. We are bearish against the 0.7440 range highs. A break below 0.7195 would confirm downside traction towards initial targets in the 0.7160 area and then 0.7030 ahead of the 0.6895 lows.

NZD/USD: An inside day and daily momentum divergence has prompted us to turn bearish. We expect selling interest in the 0.7000 area to cap a move lower. Below 0.6740 would signal lower towards initial targets near 0.6615 and then 0.6455.

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