The following are the latest technical setups for EUR/USD, USD/JPY, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital.
EUR/USD: Short-term topping risk persists. A low close today would signal room lower in range and would encourage us to turn more bearish against resistance near the 1.1495 range highs. Below 1.1160 would point towards initial targets near 1.1090/60.
USD/JPY: We are bearish and would prefer to fade upticks. A move below downside targets in the 110.35/05 area would encourage our bearish view towards greater targets near 106.00.
EUR/CHF: Thursday’s bullish candle along with increased volumes. has encouraged us to turn bullish. A close above 1.1030, the 21-dma would encourage our bullish view towards the 1.1200 highs.
AUD/USD: Tuesday’s basing candle signals a pause in the recent down-move. We are bearish against the 0.7245 range highs and look for a move below initial targets near 0.7000 to signal lower towards our greater in the 0.6915 area.
NZD/USD: We are overall bearish against the 0.6900 range highs. Nearby resistance at 0.6755 is expected to provide selling interest for a move lower towards the 0.6415 area and then our greater targets near the 0.6345 lows.
USD/CAD: We are bullish against support near 1.3640 and look for a move towards initial targets near 1.4105 and then 1.4170.
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