Setups: EUR/USD, USD/JPY, GBP/USD, EUR/CHF, AUD/USD, NZD/USD, USD/CAD - Barclays

Setups: EUR/USD, USD/JPY, GBP/USD, EUR/CHF, AUD/USD, NZD/USD, USD/CAD - Barclays

24 February 2016, 20:16
Vasilii Apostolidi
0
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The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, EUR/CHF, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital.

EUR/USD: Nearby resistance in the 1.1050 area (200-dma) helps provide selling interest for a move lower. Below 1.0985 would confirm downside towards 1.0850 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 1.3850 and then our greater targets in the 1.3500 area. 

EUR/CHF: We have turned bearish in the short-term following the break below 1.0950, the recent range lows. Further weakness through 1.0900 would point lower towards 1.0835. Overall we expect the 1.0735 range lows to keep the greater focus higher.

AUD/USD: We are bearish and expect resistance near 0.7270, the 200-dma to cap upticks. A move below initial targets near 0.7070 would point lower towards 0.6970 and then the year-to-date lows near 0.6825.

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. It would take a daily close above 1.3870 (21-dma) in the least to signal scope for a move higher in range towards 1.4100/1.4330.

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