The following are the intraday outlooks for EUR/USD, USD/JPY and AUD/USD as provided by the technical strategy team at SEB Group.
EUR/USD: Sellers at Dynamic resistance. The low end of the (Fibo-adjuested) 'Cloud' attracted sellers and a bearish print yesterday point near-tern lower - at least as long as 1.0830 stays untouched on top. Nearby local supports could see a test today.
USD/JPY: Checking resistance at 199.60/80. Sellers slipped below the 'Cloud' and yesterday's potentially near-term bullish candle argues for a resistance at 119.60/80. Advanced through both 120.35/55 & 120.85 is however needed to think less of the yen again.
AUD/USD: Sellers in dynamic resistance zone. As was the case in late Mar, sellers took advantage of hesitation high in the (descending) 55day exponentially weighted moving average band (0.784). With price actio looking increasingly bearish this week, the monthly lows at .7553/34 are back on the table. Current intraday stretches are located at 0.765 & 0.7805.
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