Setups For EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD - Barclays

Setups For EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD - Barclays

23 March 2016, 20:21
Vasilii Apostolidi
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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 bearish against the 1.1380 range highs and look for a move lower in range. Our initial targets are towards 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: Our bearish view was encouraged by Tuesday’s sell-off. Our initial downside targets are 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: We are bullish and look for a move above our initial upside targets near 0.7690 to signal higher towards greater targets in the 0.7875 area.

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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