Setups: USD/JPY, GBP/USD, EUR/CHF, AUD/USD, NZD/USD, USD/CAD - Barclays
The following are the latest technical setups for USD/JPY, GBP/USD, EUR/CHF, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital.
USD/JPY: Our overall bearish view was encouraged by the break below 115.55. We are now looking for further downside towards our initial targets near 113.10/30. Further out we see room towards 110.35.
GBP/USD: A move below support near 1.4355, the 21-dma, would encourage our bearish view. Our downside targets are towards the 1.4150 area and then the 1.4080 lows.
EUR/CHF: We are bullish and view Friday’s down-turn as corrective within context of the overall rising trend. We would prefer to buy dips towards 1.0980 and look for a break above 1.1200 to open targets in the 1.1330 area.
AUD/USD: We are bearish against the 0.7245 range highs and look for a move below initial targets near 0.7000 to signal lower towards our greater in the 0.6915 area.
NZD/USD: A move below our initial downside targets near 0.6560 would signal lower towards the 0.6415 area and then our greater targets near the 0.6345 lows. Nearby resistance is at 0.6755.
USD/CAD: Friday’s up-close endorses the prior basing candle and signals higher in range. We have turned bullish and look for a move towards targets near 1.4105 and then 1.4170.
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