This Lloyds Bank report provides technical chart analysis for nine major FX pairs, indicating a broadly 'Higher' trend for EUR, GBP, and AUD against the USD, and a 'Lower' trend for USD against CHF, NOK, CAD, and CNH.
Key Takeaways
- 1.The AUD/USD rally appears technically the strongest among major pairs, with long-term potential reaching toward 0.8000.
- 2.EUR/USD has successfully rebounded off the 21dma, maintaining a 'Higher' trend bias with a primary retest target of 1.2081.
- 3.USD/JPY remains neutral as the risk/reward profile is poor following a fragile recovery and subsequent reversal.
Table of Contents
- EUR/USD, Daily Chart
- GBP/USD, Daily Chart
- EUR/GBP, Daily Chart
- USD/JPY, Daily Chart
- USD/CHF, Daily Chart
- USD/NOK, Daily Chart
- USD/CAD, Daily Chart
- AUD/USD, Daily Chart
- USD/CNH, Daily Chart
- Lloyds Bank Market Insights team
- Disclaimers
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Nicholas Kennedy
Securities
AUDUSDUSDJPYEURUSDGBPUSDUSDCNH
Themes
FX Technical AnalysisUS Dollar Weakness
Regions
GlobalEuropeAsia PacificUnited StatesJapanAustralia
