The following are the intraday outlooks for EUR/USD, GBP/USD, USAD/CAD and AUD/NZD as provided by the technical strategy team at SEB Group.
EUR/USD: Sellers just above resistance. The market remains grounded as the brief attempt over 1.2990 was responded to (at the intraday stretch). Time spent outside 1.2908-1.2995 is needed to show next directional attempt. Current intraday stretches are located at 1.2905 & 1.3000.
GBP/USD: Buyers at mid-body support. Yesterday's intraday dip ran into mid-body bids. The fresh near-term high closed the gap which remained open since the weekend before last and it sends near-term bullish vibes. But the next set of resistance refs at 1.6365/1.6395 is thought to temper any pre-referendum rally. Back below 1.6160 would be renewed short-term bearish. Current intraday stretches are located at 1.6200 & 1.6315.
USD/CAD: Sharply down from the prior stretch. Notable selling kicked in yesterday and it accelerated after strong Canadian manufacturing numbers and a CB speech not complaining over a strong currency. Supports at 1.0955 & 1.0934 are under pressure and if broken, extension towards 1.0821/10 must be penciled in. First-hand resistance is located at yesterday's mid-body point at 1.1015. Current intraday stretches are located at 1.0955 & 1.1030.
AUD/NZD: Bouncing from the equality point. We came within seven pips from the 1.1018 key support before the anticipated upward reaction begun. 1.1018 is still, as explained yesterday, a major hurdle re-establishing the longer term bear trend (and if the decline in fact is a downside correction and not a resumption of the bear trend, well then the reaction should end at...1.1018). Our view is that the current bounce has potential for 1.1180 (above 1.1225 we will be wrong and new highs underway).
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