Danske Research Team
Danske Bank A/S
Interested in more FX key technical levels? Take a look at Swissquote's daily technical outlook.
EUR/USD
Consolidating below the 1.1303 high tracing out a small flag and see scope for break to trigger strength to retest the 1.1342 and 1.1376 highs. Beyond this will see bull extension to target the 1.1400 level. Downside see the 1.1220/00 area now support and only setback below this will fade upside pressure. [PL]
USD/CHF
Setback to break the .9723 low see pressure returning to the .9661/51 lows. Below this see trendline from the May 2015 low coming into play at .9640. Failure here will trigger further decline to the .9500 level and .9476 support. Resistance now at .9700/23 area. [PL]
USD/JPY
Reversal from the 113.80 high seen weighing and setback see the 112.14/00 area to watch. Failure to hold this will return focus to the downside for retest of the 111.00 level then 110.67 low. Upside see the 113.00 level now reverting to resistance and lift over this needed to pare downside pressure. [PL]
EUR/CHF
Probing higher from the 1.0875 low with break above the 1.0925 resistance seeing stronger recovery towards 1.0944 next. Higher will see scope to 1.0996 then 1.1023 high. Only swing below the 1.0875 support will weaken and expose the 1.0821 and 1.0810 lows to retest. [PL]
GBP/USD
Spurred by the strong rallies seen last 2 sessions, intraday trade remains firm and sustaining long positions with the daily resistance line from 4-Feb's high at 1.4477 targeted ahead of the 18-Mar's high of 1.4514. Setback to attract fresh buyers. [W.T]
EUR/GBP
Pressure stays on the downside and see scope for break of the .7831 low to further extend the drop from .7947 high of last week. Below the .7800 level will expose the .7775 higher low. Would take break of the latter to weaken and see swing focus lower to the .7700 level and .7652 support. Resistance now .7883/.7912 area. [PL]
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