Intraday Outlooks For EUR/USD, USD/JPY, AUD/NZD, Gold - SEB

From efxnews.com

The following are the intraday outlooks for EUR/USD, USD/JPY, AUD/NZD and Spot Gold as provided by the technical strategy team at SEB Group. EUR/USD: Continues to trade bid. After a three wave (hourly graph) knee-jerk downside reaction the market returned up close to the recent high area hence keeping a bid undertone in place. We therefore think the market soon will make an attempt to overcome the 1.3906 resistance paving the way for also 1.3967 and possible 1.4020 (wedge ceiling). USD/JPY: Next attempt to exit the bear flag. Friday’s topside spike was probably the final nail in the coffin for the bulls and ... (full story)