Setups: EUR/USD, GBP/USD, EUR/JPY, AUD/USD, NZD/USD, USD/CAD - Barclays
EUR/USD: We are looking to re-establish a bearish view on the break below the 1.1180 lows. We would also fade any upticks against resistance in the 1.1350 area. Our downside targets are towards 1.1125 and then 1.0990.
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GBP/USD: We are bearish against resistance in the 1.4665 area and look for a move lower towards our targets near the 1.4340 May lows.
EUR/JPY: The break below support in the 122.60 encourages our bearish view. We are looking for a move lower towards targets near 121.50 and then the 120.00 area.
AUD/USD: The break below 0.7175, the recent lows, vindicates our decision to stay bearish while price closes below 0.7255, the 200-dma. Our targets are towards 0.7040 and then the 0.6825 year-to-date lows.
NZD/USD: Our bearish view was encouraged by the breach of support on the 0.6710 area. We are looking for a move lower towards targets near 0.6665 and then 0.6545.
USD/CAD: The break above the 1.3015 range highs has prompted us to pare back our bearish view in the short term. Risk is a squeeze higher towards 1.3220 before sellers emerge.
