jeudi 3 mars 2016

The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital.

EUR/USD: We are bearish for a move towards 1.0710 lows. A break below there would signal lower towards the 1.0520 area next. Selling interest is in the 1.1050 area, near the 200-dma.

USD/JPY: No change. We prefer to fade upticks towards the 115.05 area. An unexpected break above 115.05 would signal a squeeze higher towards the 116 area before sellers resume. Below 110.95 would confirm lower towards our initial targets near 110.35/05.

GBP/USD: We are overall bearish and would use upticks as an opportunity to sell at better levels. The 1.4250, 21-dma is expected to provide selling interest. A move below support near 1.3835 would signal lower towards 1.3500, near the 2009 range lows.
AUD/USD: We were wrong to expect resistance near 0.7255, the 200-dma to cap upticks. Risk is a squeeze higher towards 0.7385 before sellers resume. We would prefer to express AUD strength against crosses such as AUDNZD. The break above 1.0975 signals higher towards the 1.1090 range highs.

NZD/USD: We prefer to fade upticks in range against resistance in the 0.6775 area and look for a move below 0.6545 to confirm downside traction towards 0.6450 and then the 0.6350 range lows.

USD/CAD: No change. The move below our initial downside targets near 1.3460 makes us more bearish towards 1.3230. It would take a daily close above 1.3720 (21-dma) in the least to signal scope for a move higher in range.

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