1Finance

EUR/USD: No change. 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.

GBP/USD: Thursday’s bullish engulfing candle has encouraged us to re-instate our bullish view. We are looking for a move back towards the 1.5930 range highs. Above there would confirm upside towards our greater targets near 1.6000 and then 1.6200.

AUD/USD: No change. We are bearish against the 0.7850 recent highs and look for a move lower towards targets near 0.7600 and then the 0.7530 year-to-date lows. Further out, we are targeting the 0.7100 area.

USD/CAD: Our bullish view would be encouraged by a break above 1.2425. Our initial targets are towards the 1.2565 June highs and then the 1.2835 year-to-date highs.


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