EUR/USD, USD/JPY, USD/CHF and AUD/USD from Barclays Capital
EUR/USD: We are bearish and look for a move below our initial downside targets near 1.0660 to confirm downside traction. Our next targets are towards 1.0520 and then the 1.0460 year-to-date lows.
USD/JPY: We are overall bullish and would look to buy dips towards support in the 121.55/75 area. Our upside targets are towards the 125.30/125.85 highs.
USD/CHF: We are bullish and would look to buy any dips towards the former range highs near 0.9900. A move above 1.0090 would encourage our view towards initial targets near 1.0130, the March highs. A move above 1.0130 signals further upside towards our next targets at 1.0240, the year-to-date highs.
AUD/USD: We are overall bearish and would prefer to fade upticks in range against resistance in the 0.7225/45 area. A move below 0.7015 would point lower towards our targets near the 0.6935/0.6895 low.
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