The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF, and AUD/USD as provided by the technical strategy team at Barclays Capital.
EUR/USD: We are bearish and would look to sell against resistance near 1.1130. A move below nearby support in the 1.0895 area would open the 1.0810 lows. Below 1.0810 would signal lower towards our next targets near 1.0675 and then the 1.0460 year-to-date lows.
USD/JPY: A small bearish engulfing candle, following Thursday’s “shooting star” topping points to further chop within range. We would prefer to buy dips against the 123.00 area and look for a move through 124.55 to confirm higher. Our targets are towards the 125.85 highs.
USD/CHF: Our bullish view was encouraged by the late rally on Friday on increased daily volumes. We would stay bullish while support in the 0.9530 area underpins and we look for a move above 0.9720 to open our targets near the 0.9865 range high.
AUD/USD: Sideways chop is seen as a healthy pause within the overall falling trend. We would look to sell against resistance in the 0.7450/0.7500 area for a move lower towards targets near 0.7100.
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