SETUPS: EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, USD/CAD - BARCLAYS

SETUPS: EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, USD/CAD - BARCLAYS

22 March 2016, 20:00
Vasilii Apostolidi
0
92

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: We are cautiously bearish. Yesterday’s low close was on below average volume, but price action points lower in range in the short term. We are looking for a move towards targets near 1.1145 and then the 1.1055 area.

USD/JPY: Our preference is to fade upticks against 113.10. A move below the 110.65 lows would signal lower towards our targets near 110.35/05.

GBP/USD: Monday’s low close endorses Friday’s “doji” topping candle and signals lower in range towards support near the 1.4050 range lows. A move below 1.4050 would point lower towards our targets near 1.3835 and then the 1.3500 area.

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AUD/USD: A move above our initial upside targets near 0.7690 would signal higher towards greater targets in the 0.7875 area. We are also bullish AUDNZD and look for a move above 1.1320 to open targets near the 1.1430 range highs.

NZD/USD: We are bearish against the 0.6890 range highs and look for a move lower towards our initial targets near 0.6545. Our next targets are at the 0.6350 range lows.

USD/CAD: We prefer to fade upticks while resistance in the 1.3360 area caps. A move below 1.2920 would encourage our bearish view towards initial targets near 1.2830.

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