Technical Analysis

The yen is the current underdog and could (if you give it a little time) lift to and above a pronounced 79.55 peak… Scandie FXers still perform (despite low volatility in EURSEK and a short-term stretch in EURNOK). Refs to keep in mind at the yearly EURSEK low of 8.7430 and last year’s low in EURNOK at 7.4880… EURUSD holds above support and an initial double 1.3109\1.3216 watch seems to be an appropriate way to start the day… GBPUSD re-tests a broken “Neckline” but should encounter resistance there and retain a downside tilt… AUDNZD has been allowed to slip below support and further losses should be penciled in… VIX up together with S&P higher is a bit odd and must be watched going forward (longs buying protection?)… EURCZK is thought to bounce higher from a 24.93 mid-body point while EURPLN should move higher on poor performing Polish equities… Ger Bunds & US 10y notes are consolidating (uptrends) while Brent Crude has broken a bullish triangle (with a theoretical +120 objective)…

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SEB tech team