EURUSD is back in a no-mans land. Firmly outside 1.3502-1.3598 is needed to show a directional tilt… EURJPY may test, but not easily break 127.95… AUDUSD under 1.0345 would target 1.0287 and possibly even lower… USD index holds an upside bias (mainly on USDJPY & GBPUSD moves). Next key ref above is located at 79.78.. Also likely helped by better US equities over EuroStoxx… EURSEK failed to test 8.50 yesterday and remains stuck in an 8.55-8.65 range… USDSEK seems to consolidate a prior stretch rather than reacting to it. Watch 6.2910 & 6.3740… EURNOK U-turned above key support and looks set to test the higher end of the recent range again in an “up-(down)-sharply up” sequence. A range breakout would target ~7.55… NOKSEK looks set to eke out one more low (1.1480-1.1460) before turning higher… USDHUH has formed a near-term bottom – Watch 217.90 closely now… EURPLN digests Mon’s lower shadow, looks set to extend gains. 4.2140-4.2180 remains a key ref area above… German & US 10y tenors are consolidating, not reversing recent bullish signs. Key refs in the Mar contracts are located at 141.47 & 142.93 for the Bund and at 130-23 & 131-22 in the US tens… The Mar S&P contract trades in an expanding triangle. Watch both 1467 & 1515 for clues… The Mar Brent contract consolidates recent gains inside 115.01-117.43…
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SEB tech team