The following are the intraday outlooks for EUR/USD, AUD/USD, and USD/CAD as provided by the technical strategy team at SEB Group.
EUR/USD: It looks like a bearish "Flag. Ok, so there was no evacuation out of (read below) range yesterday - again. But we can't see it as nothingbut a bearish "Flag" draggingon, and to step away from this stance the market must prove us wrong. Nearby refs to keep in mindare located at: 1.1289 & 1.1319 above and at 1.1173 below. Current intraday stretches are located at 1.1170 & 1.1340.
AUD/USD: Extending the near-term rally. The near-term rally is stillon targeting0.7195\05 next and later possibly also 0.7245\80 (with 0.7320 being a more ambitious "Equality point" objective). Nearby supports are located inthe 0.7125/0.7060-zone and the current intraday stretches are located at 0.7100 & 0.7205.
USD/CAD: The Sep low looks ripe for the taking. The market cuts dynamic supports like a hot knife through butter and the Sep low lies in harm's way. Next level to exert attraction/support is the mid-Aug low of 1.2952, followed by a late Jul reaction low at 1.2860 (coinciding well with the lower end of the "Cloud" and a Mar'15 reaction high). Resistance at 1.3170\235 must be reclaimed to ease up on the acute downside risk. Current intraday stretches are located at 1.2950 & 1.3145.
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