Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SELL AT 1.2260 FOR 1.2134; STOP AT 1.2360
USD/JPY: BUY AT 118.05 FOR 121.00; STOP AT 117.20
GBP/USD: SHORT AT 1.5619 FOR 1.5427; STOP AT 1.5700
USD/CHF: LONG AT .9775 FOR .9972; STOP AT .9690
AUD/USD: SHORT AT .8566 FOR .8066, STOP AT .8245
USD/CAD: LONG AT 1.1435 FOR REVISED 1.1790; REVISE STOP AT 1.1545
Crosses
EUR/JPY: LONG AT 146.35 FOR 147.89; STOP AT 145.59
EUR/GBP: SELL AT .7885 FOR .7756; STOP AT .7930
EUR/CHF: POSSIBLY BUY
EUR/CAD: SELL AT 1.4370 FOR 1.4010 OBJ, STOP 1.4480
GBP/JPY: LONG AT 186.70 FOR 189.70; STOP AT 185.35
NZD/USD: SHORT AT .7750 FOR REVISED .7503; STOP AT .7815
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Editors’ Picks
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AUD/USD rapidly left behind Wednesday’s decent advance and resumed its downward trend on the back of the intense buying pressure in the greenback, while mixed results from the domestic labour market report failed to lend support to AUD.
EUR/USD leaves the door open to a decline to 1.0600
A decent comeback in the Greenback lured sellers back into the market, motivating EUR/USD to give away the earlier advance to weekly tops around 1.0690 and shift its attention to a potential revisit of the 1.0600 neighbourhood instead.
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Is the Biden administration trying to destroy the Dollar?
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