EURUSD could range inside 1.2874-1.3085 for a few sessions, before next directional step is taken… USDJPY buyers responded at support, but players are long and an upper break is not a done deal… AUDUSD may need to refuel a bullish attempt through a 1.0310 recheck… EURSEK Faces local support at 8.3225, but anyway remains tilted to the downside (for another 8.2550 attempt)… USDSEK upholds pressure on key short-term resistance at 6.4865… EURNOK is establishing support around 7.49/7.48 which is paving the way for another 7.5675\7.5975 attempt later… USDDKK Should respect support at 5.7300 or no later than 5.6950/5.6700… GBPUSD should recheck 1.5235\1.5340 before steering south again… Copper has exited a bearish “flag”, pointing at $7506 next (bad for the aussie too)… EURHUF violated key medium-term resistance and is upping the ante for the forint as this more clearly points at/beyond 324.20 in due time… EURPLN looks more bullish than bearish, but 4.1650 & 4.1955 must be broken to clear the path to and beyond 4.2140-4.2180… Jun Bund met its minimum target. Expect some consolidation/correction before printing yet another high… US Jun tens spiked on the upside yesterday, but while holding above 130-21 there is a case for additional gains… The Jun S&P500 contract came back to opening levels after a deep intraday downturn. The move bodes well for another attempt at/above the recent 1559 high… May Brent Crude remains stuck in a wider $107.78-111.29 range..
Click here to read the full report: Technical Alert
SEB