Tech Setups For EUR/USD, USD/JPY, NZD/USD, USD/CAD - Barclays
29 October 2015, 19:53
![Vasilii Apostolidi Vasilii Apostolidi](https://c.mql5.com/avatar/2016/2/56C08F4E-3736.png)
0
70
The following are the latest technical setups for EUR/USD, USD/JPY, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital.
EUR/USD: Wednesday’s key reversal caps the recent uptick and helps to confirm our bearish view. We are looking for a move lower towards the 1.0810 range lows. A move below 1.0810 would signal longer-term weakness towards the 1.0460 year-to-date lows.
USD/JPY: No change. Monday’s “inside day” signals a breather from recent price gains. We are overall bullish and would prefer to buy dips in range. Our initial upside targets are near the 121.75 range highs and then the 122.00/15 area.
NZD/USD: The break below the 0.6695 range lows on increased volumes endorses our bearish view. A move below our nearby targets in the 0.6615 area would confirm lower towards 0.6455.
USD/CAD: Sharply higher crude oil prices helped to provide a breather in the recent USDCAD up-move. We would look for buying interest near 1.3040 to underpin further gains towards our initial targets near 1.3325 and then the 1.3460 year-to-date highs.