JP Morgan - Technical Strategy: Stay long EUR/AUD, CAD/JPY, TRY/JPY, USD/NOK and EUR/CZK

JP Morgan - "NZD maintains the bullish price action with the break through several key levels against the USD and crosses; still, the factors calling for a corrective phase have not been eliminated.br/>The recovery for AUD/USD over the past week argues for additional upside retracement, but the setup on the crosses remains mixed. Stay long EUR/AUD.
While the short term range action continues to develop for USD/MXN, the failure at important resistance levels is consistent with the overall downside bias.
Stay long EUR/AUD, CAD/JPY, TRY/JPY, USD/NOK and EUR/CZK & short GBP/SEK, EUR/INR, EUR/KRW and ZAR/HUF."

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Tags: Forex Technical Strategy, JP Morgan, Stay long EUR/AUD, CAD/JPY, TRY/JPY, USD/NOK and EUR/CZK

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