The following are the latest technical setups for EUR/USD, USD/JPY, AUD/USD, and NZD/USD as provided by the technical strategy team at Barclays Capital.
EUR/USD: Lack of a positive close on Tuesday helps keep us bearish. We would look to sell against the 1.1280 range highs and look for a move lower towards targets near 1.0955 and then the 1.0815 area.
USD/JPY: Tuesday’s bullish “hammer” candle helps underpin our bullish view. We are looking for a move higher in range towards initial targets near123.90 and then the 124.40 area ahead of the 125.85 greater range highs. Further out, we are targeting the 132.20 area.
AUD/USD: No change. We are bearish and look for a move below 0.7585 towards our targets near the 0.7530 year-to-date lows. Further out, we are targeting the 0.7100 area.
NZD/USD: We are cautiously bearish given signs of momentum divergence and look for a move lower towards our greater targets towards the 0.6560 range lows.
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