The following are the intraday outlooks for EUR/USD, USD/JPY, and AUD/NZD as provided by the technical strategy team at SEB Group.
EUR/USD: Challenging 1.0819/1.0754 supports. It was a slow day yesterday, but the ongoing test of supports at 1.0819/1.0754 continues. Firmly below those would lower the bar to the next short-term key ref at 1.0660. Above yesterday's high of 1.0870 would delay transport south.
USD/JPY: Focus at the 124.47 key resistance. The market holds near the key 124.47 resistance. Those buying a bullish break (for 125.86) should keep the stop tight at 123.90 since the hourlies depict an, often trend ending,"Wedge". But a bullish looking session close above resistance would turn attention back to the Jun high of 125.86.
AUD/NZD: Correctional drift to/below 1.1020. AUD lower and NZD higher against the dollar overnight add near-term downside pressure in the cross. If losing nearby dynamic support (1.1145/20). extension below a recent 1.1020 low should be accounted for – with an "Equality point" target at 1.0970 looming. Current intraday stretches are located at 1.1125 & 1.1295.
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