Intraday Outlooks For EUR/USD, USD/JPY, AUD/USD

The following are the intraday outlooks for EUR/USD, USD/JPY, and AUD/USD as provided by the technical strategy team at SEB

EUR/USD: Should try resistance at 1.1063/98. Action is till on the slower side but it is with a small upside tilt - likely enough to test resistance at 1.1030/63/98. And if the levy breaks, near-term shorts have nowhere to stay and extension would become likely closer to the still descending 55day exponentially weighted moving average band (1.1175/1.1315) - which a short-term equality point also acts as attraction/resistance. Local support pockets are located are 1.0950 & 1.0890.

USD/JPY: Testing first-hand downside target. The market is moving bearishly to and through the 55day exponentially weighted moving average band. Further down 118.11/04 would be of interest, while the next key level at 116.76/64 is yet too distant and thus left on the backburner for now.

AUD/USD: H&S target. Yesterday's net loser smartly followed in the trail of Tue's 'Doji' and price action so far today goes the same way and 'Head & shoulders' objective remained to be filled at 0.7750. If breaking back over 0.7910, the downside case has to be put on the backburner once more. Current intraday stretches are located at 0.7760 & 0.7915.

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