The following are the intraday outlooks for EUR/USD, AUD/NZD, USD/CAD, and EUR/CHF as provided by the technical strategy team at SEB Group.
EUR/USD: Sellers at the broken trendline... confirmed resistance there and put forth strong arguments for a fresh low in the making- once a near-term "B-wave low" at 1.1004 is also taken out. If this happens, the weekly/daily mid-body points at 1.1186 & 1.1223 start to look safe. Interesting levels below are located at 1.086 ("Equality point") and at 1.0847 & most importantly at 1.0808. The FED verdict later today is a main distraction to gauge.
AUD/NZD: Targeting supports at 1.0495/60 next. The RBNZ rate decision tonight is a distraction to consider, but staying power under the 233day moving average band (1.0695\1.0785) thrusts the outlook into negative. Short term price action is negative too and supports in the 1.0495/60-zone are targeted next - followed by a medium term 78.6% being at retracement ref at 1.0325. Current intraday stretches are located at 1.0535 & 1.0695.
USD/CAD: Lift sights to 1.3325. The market did not stop at the 61.8% Fibo retracement ref of 1.3220, but instead extended the move into a high and bullish looking session close at the high end of the (Fibo adjusted) "Cloud" - over which the 78.6% Fibo retracement ref at 1.3325 has become the next attraction/resistance to scout. Support at 1.3210 and more of that at 1.3160/40. Current intraday stretches are located at 1.3150 & 1.3350.
EUR/CHF: Oh, how wrong it was to be bearish! The market gave lie to the notion of supports at 1.0770/35 beingat risk. The about face move higher has instead put focus right back on important resistance at 1.0900\15 - which if broken would also expose even more significant refs at 1.0950 & 1.0985. Mid-body support is located at 1.0830. Current intraday stretches are located at 1.0830 & 1.0930.
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