Some bare-bones ideas on AUD, JPY and NZD
The following are UBS' latest short-term (mostly intraday) trading strategies for USD/JPY, AUD/USD, and NZD/USD.
USD/JPY: Look to buy the pair on dips, with a stop below the post-US payrolls support at 122.50/60.
AUD/USD: We favour selling the pair on rallies to 0.7100, with a stop above 0.7150, targeting 0.6930.
NZD/USD: Sell rallies towards 0.6590, with a stop above 0.6630, targeting a test of 0.6450.
Tech setups from Barclays
EUR/USD: A move below our initial downside targets in the 1.0660 area would encourage our bearish view towards 1.0520 and then the 1.0460 yearto-date lows.
USD/JPY: We are overall bullish and would look to buy dips towards support in the 121.55/75 area. Our upside targets are towards the 125.30/125.85 highs.
GBP/USD: Upticks are seen as a breather within the context of the recent sell-off from 1.5510. We are bearish and look for selling interest in the 1.5210/40 area to cap a move below 1.5025 towards our targets in the 1.4860 area.
AUD/USD: No change. We are bearish against resistance near 0.7225 and look for a move lower towards the 0.6935/0.6895 lows. A breach of the latter would signal further downside towards our greater targets near 0.6250.
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