Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.1608 FOR INITIAL 1.1460 OBJECTIVE, STOP 1.1682
USD/JPY: LONG AT 117.60 FOR 119.97; ADJUST STOP AT 116.63
GBP/USD: SHORT AT 1.5140 FOR INITIAL 1.4977 OBJECTIVE; STOP AT 1.5240
USD/CHF: LOOK TO SELL
AUD/USD: POSSIBLY LOOKING TO SELL
USD/CAD: BUY AT 1.2272 FOR 1.2486 STOP AT 1.2163
Crosses
EUR/JPY: POSSIBLY SELL 138.60/70
EUR/GBP: SELL HIGHER
EUR/CHF: SHORT AT 1.0165 FOR .9322; STOP AT 1.0305
EUR/CAD: POSSIBLY BUY
GBP/JPY: BUY AT 176.90 FOR 180.95, STOP AT 175.80
NZD/USD: REVISE SELL AT .7615 FOR .7456; REVISE STOP AT .7700
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Editors’ Picks
AUD/USD failed just ahead of the 200-day SMA
Finally, AUD/USD managed to break above the 0.6500 barrier on Wednesday, extending the weekly recovery, although its advance faltered just ahead of the 0.6530 region, where the key 200-day SMA sits.
EUR/USD met some decent resistance above 1.0700
EUR/USD remained unable to gather extra upside traction and surpass the 1.0700 hurdle in a convincing fashion on Wednesday, instead giving away part of the weekly gains against the backdrop of a decent bounce in the Dollar.
Gold keeps consolidating ahead of US first-tier figures
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