Setups: EUR/USD, USD/JPY, USD/CHF, EUR/JPY, AUD/USD, NZD/USD - Barclays
The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF, EUR/JPY, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital.
EUR/USD: We are overall bearish and look for a move lower towards initial targets towards 1.0710. Below there would open next targets near 1.0640 and then the 1.0520 range lows.
USD/JPY: We are bearish and prefer to fade upticks towards the 118.40/65 area. Overall we expect a confluence of resistance in the 120.65 area to help keep the greater focus lower. Our targets are towards 115.95/115.65.
USD/CHF: The close 1.0125 helps encourage our bullish view. Our targets are the 1.0330 highs. Nearby support is in the 0.9960 area
EUR/JPY: We are bearish and expect resistance in the 129.10 area to provide selling interest on upticks. A move below our initial downside targets near the 126.10, 2015 lows would confirm downside traction towards the 125.00 area next.
AUD/USD: Friday’s topping candle was confirmed by Monday’s low close and encourages our bearish view. Our downside targets are towards 0.6825 and then the 0.6770 area.
NZD/USD: We are bearish and look for selling interest near 0.6590 to cap a move lower. Initial targets are towards 0.6290 and then 0.6235, the 2015 lows.
PS: Copy and Earn on Forex4you - https://www.share4you.com/en/?affid=0fd9105
