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: A move below our initial downside targets near 1.1145 would encourage our bearish view. Our next targets are in the 1.1055 area.
USD/JPY: We are bearish and prefer to fade upticks towards resistance near 113.10. The greater range highs near 114.90 help to keep our overall view bearish. Targets are towards the 110.65 lows and then the 110.35/05 area.
GBP/USD: We look for a break below our initial downside targets near 1.4050 to confirm downside traction towards support near 1.3980 and then our next targets in the 1.3835 area, the year-to-date lows.
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AUD/USD: We prefer to fade dips towards support in the 0.7410 area and look for a move through our initial targets near 0.7690 towards 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 view upticks as counter trend and would look to sell while resistance near 1.3340 caps. A move below 1.2920 would encourage our bearish view towards initial targets near 1.2830.
