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Tech Setups: GBP, AUD, NZD

Published 07/21/2015, 01:35 PM
Updated 07/09/2023, 06:31 AM

The following are the latest technical setups for GBP/USD, AUD/USD, NZD/USD as provided by the technical strategy team at Barclays (LONDON:BARC) Capital.

  • GBP/USD: We are overall bullish and would prefer to buy dips towards 1.5450 with stops under the 1.5330 lows. Our upside targets are towards 1.5800 and then the 1.5930 year-to-date highs.
  • AUD/USD: We are bearish and expect selling interest near the 0.7500 recent range highs to help keep the focus lower in the near term. Our downside targets are towards support near 0.7265 and then the 0.7100 area.
  • NZD/USD: We prefer to fade upticks against resistance near 0.6715, the 21-dma, and expect the range highs near 0.6775 to cap a move lower. A move below 0.6495 would signal lower towards our targets in the 0.6400 area.

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