The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, AUD/USD, and NZD/USD.
EUR/USD: had a brief spike yesterday and has turned heavy once again. It's hard to justify long positions from here. We are short and will add on moves to 1.0600 with stops above the overnight high of 1.0634, for another test of 1.0494, yesterday's low.
AUD/USD: We would now fade rallies to 0.7720-0.7750, the short-term resistance, with stops above 0.7850, targeting 0.7550.
NZD/USD: has corrected nearly 3.5% over the past 48 hours. Fade rallies to 0.7440 and 0.7500 with stops above 0.7625, targeting 0.7200
