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

20 January 2016, 20:39
Vasilii Apostolidi
1
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 The following are the latest technical setups for EUR/USD, USD/CHF, GBP/USD, EUR/GBP, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital.

EUR/USD: We prefer to fade upticks in EURUSD and look for resistance in the 1.1060 area to cap a move lower. Below 1.0805 would encourage our bearish view towards 1.0710 and then lower towards targets near 1.0640 and then the 1.0520 range lows.

USD/CHF: We are overall bullish and look for a move above 1.0125 to open our targets near the 1.0330 highs. Support near 0.9880 is expected to provide buying interest on dips. 

GBP/USD: Tuesday’s break below 1.4225 endorses our bearish view. We are looking for further downside towards initial targets near 1.4040 and then the 1.3930 area.

EUR/GBP: The break above the range highs near 0.7500 triggered a multi-month basing pattern and forced us to flip to a more bullish view in the near term. Initial targets are in the 0.7840 area.

AUD/USD: Recent consolidation is seen as a breather within the context of the overall bearish trend. We are looking for a move below 0.6825 to signal lower towards our targets near support in the 0.6770 area.

NZD/USD: No change. We are bearish and look for further downside towards targets near 0.6290 and then 0.6235, the 2015 lows.

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