The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital.
EUR/USD: A move below 1.1210 would confirm our bearish view towards targets near the 1.1145 range lows and then the 1.1065 area. Beyond there, we are looking for a move towards the 1.0820 area.
USD/JPY: We are neutral and look for signs of a top to re-initiate our overall bearish view. Further upside squeeze through resistance near 112.10 would risk higher in range towards 113.30. A move below 110.65 would encourage downside towards 109.75 and then the 1.0760 lows.
GBP/USD: We have pared back our bearish view in the short-term as the break above 1.4515 risks a further squeeze before sellers emerge. We prefer to fade upticks against the 1.4670 highs. A move below 1.4300 would open targets near 1.4005 and then next targets near 1.3895 and the 1.3835 year-to-date lows.
AUD/USD: Last week’s “doji” candle signals a breather from the recent up-move. We look for a dip within range towards the 0.7590 area. We would then look for signs of a base near the 0.7475 range lows.
NZD/USD: A move below last Friday’s 0.6835 low would encourage our bearish view towards targets near 0.6760 and then the 0.6670 area. A bullish weekly reversal in AUDNZD points towards our targets near 1.1335/1.1360.
USD/CAD: The move below our targets in the 1.2670 area endorses our greater bearish view. We expect upticks to find selling interest near the 1.2780 area and look for further downside towards 1.2050/1.1915.
'This content has been provided under specific arrangement with eFXnews.'
Advertisement
For a live simulators for bank trade positions and forecasts, sign-up to eFXplus
eFXnews is a financial news and information service. Articles and other information distributed in this service and published on this site are provided in general terms and do not take account of or address any individual user's position. To the extent that some of these articles include suggestions as to various possible investment strategies which users might consider, they do so in only general terms without reference to the personal factors which should determine any user's investment decisions to buy or sell a specific security or currency.
The service and the content of this site are provided and distributed on the basis of “AS IS” without warranties of any kind either, express or implied, including without limitations, warranties of title or implied warranties of merchantability or fitness for a particular purpose. eFXnews and its employees, officers, directors, agents, and licensors do not also warrant the accuracy, completeness or timeliness of the information in any of the articles and other information distributed in this service and included on this site, and eFXnews hereby disclaims any such express or implied warranties; and, you hereby acknowledge that use of the service and the content of this site is at you sole risk.
In no event shall eFXnews and its employees, officers, directors, agents, and licensors will be liable to you or any third party or anyone else for any decision made or action taken by you in your reliance on any strategy and/or advice included in any article and other information distributed in this service and published in this site.
Recommended Content
Editors’ Picks
EUR/USD consolidates recovery below 1.0700 amid upbeat mood
EUR/USD is consolidating its recovery but remains below 1.0700 in early Europe on Thursday. The US Dollar holds its corrective decline amid a stabilizing market mood, despite looming Middle East geopolitical risks. Speeches from ECB and Fed officials remain on tap.
GBP/USD advances toward 1.2500 on weaker US Dollar
GBP/USD is extending recovery gains toward 1.2500 in the European morning on Thursday. The pair stays supported by a sustained US Dollar weakness alongside the US Treasury bond yields. Risk appetite also underpins the higher-yielding currency pair. ahead of mid-tier US data and Fedspeak.
Gold appears a ‘buy-the-dips’ trade on simmering Israel-Iran tensions
Gold price attempts another run to reclaim $2,400 amid looming geopolitical risks. US Dollar pulls back with Treasury yields despite hawkish Fedspeak, as risk appetite returns.
Manta Network price braces for volatility as $44 million worth of MANTA is due to flood markets
Manta Network price is defending support at $1.80 as multiple technical indicators flash bearish. 21.67 million MANTA tokens worth $44 million are due to flood markets in a cliff unlock on Thursday.
Have we seen the extent of the Fed rate repricing?
Markets have been mostly consolidating recent moves into Thursday. We’ve seen some profit taking on Dollar longs and renewed demand for US equities into the dip. Whether or not this holds up is a completely different story.