Tech Setups For EUR/USD, USD/JPY, AUD/USD, NZD/USD - Barclays
The following are the latest technical setups for EUR/USD, USD/JPY, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital.
EUR/USD: Buyer capitulation since Friday helps keep our focus lower. We are looking for a move towards initial targets near 1.1085. Below 1.1085 would confirm downside traction towards the 1.1000/20 area and further out towards 1.0810.
USD/JPY: Friday’s rally into the close encourages our overall bullish view. A break above resistance in the 121.30 area would signal upside towards initial targets near 121.75. Beyond there, we are looking for a move higher towards the 123.35 area.
AUD/USD: We have turned bullish in the short term for a move higher in range towards targets near 0.7150. Overall we are still bearish against the 0.7280 range highs and look for a move lower towards the 0.6895 year-to-date lows. Further out we are targeting the 0.6770 area.
NZD/USD: The break above resistance in the 0.6460 area has prompted us to flip bullish in the short term. Our upside targets are towards 0.6535/0.6585. Beyond there we expect the 0.6710 range highs to help keep our greater view bearish towards 0.6200/0.6235.
