UBS says to sell AUD and NZD; sees euro as only for intraday trades

Trade ideas from UBS:

EUR/USD: remains news-driven and this is unlikely to change anytime soon even though the market is getting a bit tired of the Greece saga. The FOMC decision tomorrow and Thursday's Eurogroup meeting will remain in focus. Keep it tight and play the intraday moves. Flows are mixed with no clear direction.

AUD/USD: has been stuck in a tight range so far this week with light volumes across the board.Sell rallies as long as the pair remains below 0.7860. Supports lies at 0.7710, the short-term uptrend line, ahead of 0.7675 and 0.7600.

NZD/USD: has been trading in a tight range, very close to last week's lows and just above the longer-term retracement levels between 0.6950-0.7025. Stay flexible and rather look to sell on a potential correction from 0.7150 keeping stops above 0.7250.

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