Technical setups for EUR/USD, USD/JPY, USD/CHF, NZD/USD as provided by the technical strategy team at Barclays Capital
EURUSD:We are bearish and prefer to fade upticks against resistance in the 1.1300 area. A move below 1.1135 would signal lower towards our targets near the 1.1050 area and then the 1.0815 May lows. Our greater downside targets are at the 1.0460 year-to-date lows.
USD/JPY:A small topping candle warns of a dip within range. We would look to buy dips and expect support in the 122.45 area to underpin a move higher. Above 124.45 would encourage our bullish conviction towards the 125.85 highs. Further out we are targeting the 132.20 area.
USD/CHF:We prefer to buy dips within range and look for a move above our initial upside targets near 0.9410 to confirm a move towards the 0.9545 area (range highs near 200-dma) and then our next targets near 0.9720. Buying interest is expected near 0.9145. .
NZD/USD:We are overall bearish and would prefer to sell upticks against resistance in the 0.7010/35 area. A move below our initial downside targets near 0.6795 would open greater targets near the 0.6560 range lows.