Setups: EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, USD/CAD - Barclays
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital.
EUR/USD: Our bearish view was endorsed by the break below the 1.1060 former range highs. We now expect further downside towards nearby support in the 1.0895 area and then our targets towards 1.0710.
USD/JPY: We are bearish and look for selling interest near 115.05 to provide a cap for a move lower. Below the 110.95 range lows would open our initial downside targets in the 110.35/05 area. Beyond there, we see room towards greater targets near 106.00.
GBP/USD: We are bearish and having reached our downside targets near the 1.4080, we now expect further weakness towards support near 1.380 and then our greater targets in the 1.3500 area.
AUD/USD: We are bearish and expect resistance near 0.7275, the 200-dma to provide a cap. A move below initial targets near 0.7070 would point lower towards 0.6970 and then our greater targets in the 0.6915 area.
NZD/USD: We are bearish against the 0.6755 area and look for a move towards targets near 0.6415 and then the 0.6345 lows.
USD/CAD: We are neutral. A move below 1.3640 would prompt us to become more bearish in the near term towards targets near 1.3540/80 and then the 1.3460 former range highs.
PS: Copy signals and Earn on Forex4you - https://www.share4you.com/en/?affid=0fd9105
