The following are the latest technical setups for EUR/USD, USD/JPY, AUD/USD, NZD/USD as provided by the technical strategy team at Barclays Capital.
EUR/USD: The break above 1.1375 warns of a squeeze higher in range towards 1.1474. We would look to fade upticks against the 1.1580 area and look for a move below 1.1215 to signal lower towards the 1.1085 range lows and then our targets near 1.1020/1.1000.
USD/JPY: We are overall bullish and would prefer to buy dips within range against the 118.65 area. A close above 120.85, the 200-dma, would confirm upside traction and encourage our bullish view. Our initial targets are towards 121.75 and then the 123.35 area.
AUD/USD: Buyer capitulation on Thursday is helping us to stick with our bearish view. A break above would force us to expect a stronger bounce towards 0.7440 before sellers re-emerge. Our targets are towards 0.7035 and then the 0.6895 lows. Further out we are targeting the 0.6770 area.
NZD/USD: We are bearish and look for a move below the 0.6245 lows to open initial targets near 0.6200. Below there, we are looking for further weakness towards 0.5900.
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