The following are the latest technical setups for EUR/USD, GBP/USD, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital.
EUR/USD: We were wrong to expect selling interest near the 1.1135 area. A positive close today is needed to confirm Monday’s reversal candle and force us to abandon our bearish view. We would prefer to fade uptick against the 1.1280 range highs for targets towards 1.0955 and then the 1.0815 area.
GBP/USD: A move above Monday’s 1.5790 high would encourage our bullish view. We are looking for a move higher towards the 1.5930 range highs. Above there would confirm upside towards our greater targets near 1.6000 and then 1.6200.
AUD/USD: We are bearish and look for a move below 0.7585 towards our targets near the 0.7530 year-to-date lows. Further out, we are targeting the 0.7100 area.
NZD/USD: No change. Our bearish view was encouraged by the break below our initial downside targets near 0.6795. We are now looking for further downside towards the 0.6560 greater range lows.
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