Setups: EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, USD/CAD - Barclays
The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital.
EUR/USD: Selling interest in the 1.1050 area, near the 200-dma helps keep our focus lower. Our targets are towards 1.0825 and then lower towards the 1.0710 range lows.
USD/JPY: We prefer to fade upticks towards the 115.05 area. An unexpected break above 115.05 would signal a squeeze higher towards the 116 area before sellers resume. Below 110.95 would confirm lower towards our initial targets near 110.35/05.
USD/CHF: We prefer to buy dips against support near 0.9775, the 200-dma. A break above 1.0040 would encourage our bullish view towards targets near 1.0130 and then the 1.0260 highs.
AUD/USD: The lack of selling interest in the 0.7385 area forces us to reconsider our expectations of a top in the short-term. Risk is for further upside towards 0.7650 before sellers emerge. We are bullish AUDNZD and look for a move through the 1.0975 area to open targets towards the 1.1090 range highs.
NZD/USD: We are bearish and look for the range highs near 0.6890 to cap a move lower towards our targets near 0.6545. Our greater targets are at the 0.6350 range lows.
USD/CAD: The move below support near 1.3295, the 200-dma, signals lower towards targets near 1.3230. Below there we would look for further downside towards 1.3060, the 2009 former range highs.
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