Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.1320 FOR 1.1000; LOWER STOP TO 1.1401
USD/JPY: LONG AT 118.90 FOR REVISED 120.82; STOP AT 118.28
GBP/USD: POSSIBLY BUY
USD/CHF: LONG AT .8755 FOR REVISED .9602; STOP RAISED to .9430
AUD/USD: LOOK TO SELL .7840/50
USD/CAD: BUY AT 1.2495 FOR 1.2800 STOP AT 1.2380
Crosses
EUR/JPY: SELL AT 134.18 FOR 132.00 OBJECTIVE, STOP 134.80
EUR/GBP: POSSIBLY SELL
EUR/CHF: LONG AT 1.0510 FOR REVISED 1.1002; STOP AT 1.0629
EUR/CAD: SELL AT 1.4065 FOR 1.3805 OBJ, STOP 1.4155
GBP/JPY: LONG AT 182.00 FOR 187.30; REVISED STOP AT 183.40
NZD/USD: REMOVE SELL AT .7560, BUY AT .7520 FOR .7619; STOP AT .7470
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Editors’ Picks
AUD/USD risks a deeper drop in the short term
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.
Gold is closely monitoring geopolitics
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Is the Biden administration trying to destroy the Dollar?
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