Setups: EUR/USD, USD/JPY, EUR/CHF, AUD/USD, NZD/USD, USD/CAD - Barclays
The following are the latest technical setups for EUR/USD, USD/JPY, EUR/CHF, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital.
EUR/USD: The move below our downside targets near the 1.1060 former range highs makes us more bearish and signals a deeper setback towards 1.0710.
USD/JPY: We are bearish and look for selling interest near 115.05 to provide a cap for a move lower. Below the 110.95 range lows would open our initial downside targets in the 110.35/05 area. Beyond there we see room towards greater targets near 106.00.
EUR/CHF: Failure to break above 1.1060, near the 21-dma has prompted us to turn neutral for now. We are overall bullish and would prefer to buy dips towards 1.0950. A move above 1.1060 would signal higher in range towards 1.1150 and then the 1.1200 highs.
AUD/USD: We are bearish and would look to sell against the 0.7245 range highs. A move below initial targets near 0.6970 would signal lower towards our greater targets in the 0.6915 area.
NZD/USD: We are bearish against the 0.6755 area and look for a move towards targets near 0.6415 and then the 0.6345 lows.
USD/CAD: We are neutral. A move below 1.3640 would prompt us to become more bearish in the near-term towards targets near 1.3540/80 and then the 1.3460 former range highs.
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