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 neutral. Friday’s ‘‘doji’’ candle warns of a top. A low close today would encourage us to re-establish a more bearish view and point lower in range towards targets near 1.1290 and then the 1.1205 area.
USD/JPY: Friday’s low close encourages our bearish view. We are looking for downside towards support near 110.65, the year-to-date lows. A move below there would open our next targets in the 110.35/05 area.
GBP/USD: We are bearish and look for a move lower towards initial targets near 1.4050. A break below 1.4050 would signal lower towards the 1.3835 year-to-date low.
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AUD/USD: We are overall bullish and would prefer to buy dips towards 0.7555, the 21-dma. The 0.7475 range lows help to underpin a move higher towards our greater targets in the 0.7875 area.
NZD/USD: Consecutive topping candles signals warn of an early end to the upside breakout. A low close would encourage us to re-establish a bearish view towards the 0.6670 area.
USD/CAD: We prefer to fade upticks towards 1.3165, near the 21-dma and look for the recent range highs near 1.3300 to cap a move lower towards initial targets in the 1.2830 area. Beyond there we see room towards 1.2670 next