The following are the latest technical setups for EUR/USD, USD/JPY,
AUD/USD, NZD/USD, USD/CAD as provided by the technical strategy team at
Barclays Capital.
EUR/USD: The break below support near 1.0615
encourages our bearish view. We are looking for a move lower towards
targets near 1.0520 and then the 1.0460 year-to-date lows.
USD/JPY: We are bullish and look for buying interest
in the 122.20 area to underpin a move higher. Above 123.75 would open
our targets near the 125.30/125.85 highs.
AUD/USD: We are bearish and look for a move lower
0.7070 towards our initial targets near 0.7015. Below there would
confirm downside traction towards our next targets near the
0.6935/0.6895 lows.
NZD/USD: Our bearish view was encouraged by Friday's
topping candle. We are looking for a move lower through 0.6430 to open
our targets near 0.6375 and then the 0.6235 year-to-date lows.
USD/CAD: Weaker crude oil prices are helping to
provide selling interest for CAD. The break above nearby resistance in
the 1.3370 area encourages our bullish view towards targets near the
1.3460 highs and then the 1.3535 area. Our greater targets are near
1.4000.
