The following are the latest technical setups for EUR/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital.
EUR/USD: The break below our initial downside targets in the 1.0955 area encourages our bearish view. Our next downside targets are towards the 1.0815 range lows.
AUD/USD: We are bearish and look for a move lower towards initial support in the 0.7335. Our targets are towards a cluster of support in the 0.7100 area.
NZD/USD: No change. Lack of bullish traction following Thursday small base candle helps keep our bearish view intact. We are looking for a move lower towards our targets near the 0.6560 range lows.
USD/CAD: The sell-off in WTI crude oil prices helps provide reason to sell CAD and provides a lift for USDCAD. The move above our initial targets near 1.2670 signals higher towards the 1.2835 year-to-date highs.
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