Three short term trade ideas from UBS:
From their latest note
NZD/USD: has been trading in-sync with AUDUSD. There should be decent support at 0.6400, with the risk of a move up to 0.66/0.67.
USD/CHF: We think the rally in risk is still fragile and volatility will surely persist for a while. The pair has tested the resistance at 0.9660/80, so if you are looking for a level to sell at, that might be it.
AUD/USD: Watch USD/EM to see if there is a further correction. If so, AUDUSD could trade back up to 0.74/0.75. We are skeptical that this rally in risk is sustainable, but recommend staying flexible because there has only been a small AUDUSD so far, relative to the moves for USDJPY and EURUSD.
