Setups: EUR/USD, USD/JPY, EUR/JPY, AUD/USD, NZD/USD, USD/CAD - Barclays
EUR/USD: We are bearish and would prefer to fade upticks. A move below initial targets near 1.1025 would open the 1.0970 area and then the 1.0910 lows. Further out, we see room towards 1.0840 and then 1.0710.
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USD/JPY: Our bearish view would be encouraged by a move below support near 99.95. Our next downside targets are at the 99.00 lows.
EUR/JPY: The break below our initial targets near 111.35 on increased volume encourages our bearish view. We are looking for a move towards targets near 109.55 and then lower towards 106.00.
AUD/USD: We are bearish against the 0.7650 range highs and look for a move lower towards initial targets near 0.7370 and then the recent range lows near 0.7285. Beyond there, we are looking for downside towards 0.7145.
NZD/USD: We are bearish while resistance in the 0.7305 area provides a cap. A move below support near 0.7080 would signal lower towards initial targets near 0.6960 and then the 0.6810 area.
USD/CAD: We are neutral and would prefer to re-sell higher. We are looking for signs of a top towards the 1.3190 range highs. Our downside targets would be towards the 1.2655 lows.
