euro, yen, Aussie and kiwi from Barclays

EUR/USD: The break above 1.1375 warns of a squeeze higher in range towards 1.1474. We would look to fade upticks against the 1.1580 area and look for a move below 1.1215 to signal lower towards the 1.1085 range lows and then our targets near 1.1020/1.1000.

USD/JPY: We are overall bullish and would prefer to buy dips within range against the 118.65 area. A close above 120.85, the 200-dma, would confirm upside traction and encourage our bullish view. Our initial targets are towards 121.75 and then the 123.35 area.

AUD/USD: Buyer capitulation on Thursday is helping us to stick with our bearish view. A break above would force us to expect a stronger bounce towards 0.7440 before sellers re-emerge. Our targets are towards 0.7035 and then the 0.6895 lows. Further out we are targeting the 0.6770 area.

NZD/USD: We are bearish and look for a move below the 0.6245 lows to open initial targets near 0.6200. Below there, we are looking for further weakness towards 0.5900.

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Strategy from UBS on EUR/USD, AUD/USD and USD/CAD:

EUR/USD: remains stuck in the 1.0800-1.1200 range. Fed minutes are due tomorrow and may provide more insight, but all eyes are already on the September rate decision so we see little sign that the pair will find its way out of this range. Play the intraday moves and only get more involved on the extremes.

AUD/USD: The RBA minutes today were a non-event, and the remarks didn't suggest that the bank is unhappy about the current AUDUSD level. Short-term price action looks supportive, and it seems that this correction could have a bit more room. Buy dips intraday, but keep a tight stop through 0.7300, targeting a move towards 0.7500.

USD/CAD: The pair has opened at the same level as yesterday and feels bid, but we think it will again run out of momentum around the resistance at 1.3160/1.3215. Sell rallies into this, with a stop above 1.3215.

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